⬤ EUR/USD is pushing lower on the H4 timeframe after failing to hold above recent highs. Price got rejected from an upper liquidity zone and quickly reversed downward. Right now, the pair is trading below that rejection point, and momentum is clearly tilted to the downside.
⬤ The chart shows a strong bullish candle that briefly pushed price higher, but buyers couldn't hold those levels. The move up hit what looks like a stop hunt zone near the upper boundary, then immediately reversed. After that fake-out, EUR/USD pulled back with several consecutive lower closes. That tells us buying pressure got absorbed at the top, and now sellers are back in charge.
⬤ There's a clear target marked on the downside where price is likely headed next if this bearish structure holds. The recent bounce looks more like a temporary correction than the start of any real reversal. As long as EUR/USD stays below that upper rejection zone, the H4 setup keeps pointing toward the lower target range — even if we see some choppy consolidation along the way.
⬤ This matters for the broader dollar picture since EUR/USD often leads moves across other major pairs. If price continues toward that lower range, it confirms near-term dollar strength and could drag other majors down with it. The rejection at resistance combined with a defined downside target gives traders a clean technical framework to watch — now it's all about whether sellers can actually follow through.
