EURUSD: Bearish Move from Trend Line

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Analysing the EURUSD pair on the 4-hour timeframe indicates a potential test of a significant trend line.

The pair's recent activity suggests consolidation following a bounce near the descending trend line.

A bearish breakout below the support level provide strong confirmation for a sell position.

The anticipated retracement target is projected to be at the 1.1540 level.

[Dave]

Solid breakdown of the EURUSD setup. The consolidation phase makes sense here, and if that bearish breakout happens, the 1.1540 retracement target looks very realistic.

[Smith]

Appreciate the clarity in this analysis. Watching that support zone closely now a clean break could give a strong sell confirmation just as outlined.

[alex]

"Good observation The 4H structure does look heavy, and if support cracks, 1.1540 lines up well with previous liquidity zones. A clean break below would give strong confirmation for shorts."

[Maxwell]

Nice breakdown. The consolidation under the trend line makes sense—watching closely for that bearish breakout. If it triggers, the downside target you mentioned at 1.1540 seems very realistic

[Nahid10]

Solid analysis! The consolidation near the descending trend line definitely signals indecision. If we see a clean bearish breakout below support, that would validate the short setup perfectly. I like the 1.1540 target — it aligns with previous liquidity zones and makes sense as a retracement objective. Great risk-to-reward idea here!