EURUSD H4 RISES 🔄 Disrupted EUR/USD Analysis (4H)
📉 Current Structure:
Price is hovering around 1.17298, showing hesitation at the resistance of a potential bearish flag.
While the chart labels this zone as “bullish,” there are signs of market indecision, possibly a fakeout trap.
⚠️ Key Disruptions:
1. Bullish Trap Risk:
The price formed a short-term M-pattern (double top inside the orange circle), indicating bearish exhaustion rather than continuation.
The expected breakout to the upside may fail if bulls don’t sustain volume.
2. Support Area Weakness:
The support zone around 1.17000 has been tested multiple times. If it breaks, it could turn into a strong resistance, flipping the sentiment.
3. Macro Influence:
Upcoming EUR and USD economic events (noted by icons) could cause high volatility and break structure unexpectedly.
A strong USD report could reverse bullish momentum, sending EUR/USD toward 1.16500 or lower.
4. Bearish Continuation Scenario:
If the market breaks down from the current consolidation, expect targets at:
