EUR/USD Breaks Major Trendline Support – Bearish Continuation In🔍 EUR/USD Technical Breakdown – Bearish Structure Confirmed
The EUR/USD pair has officially broken below a well-established ascending trendline that supported the bullish structure since early May. This technical break is a strong bearish signal, suggesting a potential shift in market sentiment as the pair loses upward momentum.
The pair is now trading around 1.16760, with sellers gaining control after failing to sustain above the 1.1700 region. The breakdown aligns with classic market structure principles, where a clean trendline violation often leads to a continuation move toward the next key support zone.
📍 Target Zone:
The identified downside target is around 1.1500, a critical demand zone that aligns with previous consolidation and potential liquidity pools. This area may act as a magnet for price before any significant reversal occurs.
📘 Trader's Insight:
This setup presents a clear example of a trendline break leading to a bearish continuation pattern. Professional traders may look for retests of the broken trendline for confirmation entries, or short-term rallies to add positions, while maintaining disciplined risk management.
✅ Technical Summary:
Structure: Bearish Breakout
Resistance: 1.1700
Support/Target: 1.1500
Bias: Bearish below trendline
