EURUSD has recovered strongly after sweeping liquidity from the major demand zone near 1.1115, but the rally is now testing a significant resistance area around 1.1212.
The current structure shows price revisiting a previous support-turned-resistance level while trading beneath a broader descending trend structure. Additionally, the bullish recovery has reached an area where sellers previously entered the market.
As long as resistance continues to hold, a move toward lower support zones remains a possible scenario.
🔍 Technical Confluences
✅ Resistance retest
✅ Previous support acting as resistance
✅ Liquidity sweep completed
✅ Bearish reaction zone
✅ Potential continuation with broader trend
🎯 Bearish Targets
🎯 Target 1: 1.1189
🎯 Target 2: 1.1177
🎯 Target 3: 1.1164
❌ Invalidation
A sustained move and acceptance above 1.1215 - 1.1240 would weaken the bearish outlook.
Educational market outlook only. Always use proper risk management.
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