EURUSD: Pin-Bar Candle Signal for Deeper Pullback
EURUSD has shown clear signs of exhaustion after a false breakout above resistance, followed by a strong pin-bar rejection on both the daily and 4H charts.
The failure to hold above the 1.17881.1800 zone confirms strong selling pressure at higher levels. This rejection invalidates the bullish breakout attempt and shifts the bias back to the downside.
On the 4H timeframe, the pin-bar candle reinforces the bearish scenario, suggesting that buyers are losing control and that a corrective move is likely to continue. As long as price remains below the broken resistance, further downside pressure should be expected.
Bearish targets:
1.1675
1.1595
1.1540
You may find more details in the chart!
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