EUR/USD Eyes Support Levels One More Push Before Falling Under 1

On the 4H timeframe, EUR/USD continues its downward trend, forming consistent lower highs and lower lows, signaling strong bearish momentum. The recent bounce around 1.0399 indicates a potential short-term retracement. The overall structure remains bearish unless key resistance levels near 1.0530 and 1.0570 are broken.

Indicators like RSI are hovering near the oversold zone, suggesting a possible relief rally. The MACD histogram is showing signs of diminishing bearish momentum, supporting a temporary retracement. If the price fails to break resistance, it could resume its downtrend targeting key support zones around 1.0300 and 1.0200.

A bounce toward resistance is possible, but sellers remain in control unless key levels are breached. Watch for confirmations near 1.0530.