EUR/USD, Technical Analysis – H4

What we had anticipated for nearly a week has materialized: bears have broken through the sloping support near 1.1400. The pair now faces a downside threat toward 1.1300. The only factor that may hinder this move — or, more precisely, delay it slightly — is the approaching weekend, which could trigger a local corrective bounce back to 1.1400.

Key Levels:

□ 1.1400 (broken sloping support / potential correction zone)

□ 1.1350 (intermediate support)

□ 1.1300 (next major downside target)

Primary Scenario:

A corrective retracement to 1.1400, followed by renewed selling pressure and continuation lower toward 1.1350 and ultimately 1.1300.

Alternative Scenario:

Direct acceleration lower, bypassing a meaningful correction, with immediate targets at 1.1350 and 1.1300.

Analyst Commentary:

The most attractive selling zone remains the 1.1400 area, offering an optimal risk-reward setup for renewed bearish positions.