📊 EURUSD H4 Analysis – Euro vs US Dollar
EURUSD remains in a strong descending trend but is consolidating near the 1.1210 support zone. A bullish recovery is possible if buyers gain momentum and price breaks above the descending channel.
🔹 Resistance: 1.1360–1.1380 | 1.1500–1.1520
🔹 Support: 1.1210–1.1190
🔹 Bullish Scenario: A breakout above the channel could push price toward 1.1360.
🔹 Bearish Scenario: A break below 1.1190 may extend the current downtrend.
📌 Key Focus: Wait for breakout confirmation before considering a bullish reversal.
⚠️ Disclaimer: Educational analysis only. Trade responsibly with proper risk management.
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