EUR/USD Bearish Outlook – Key Levels & Trade Setups

📊 Technical Analysis EUR/USD
Timeframe: Likely Weekly (1W)
Current Price: ~1.0416

📉 Bearish Context:
Key Resistance: 1.05290

This zone has been tested multiple times without a breakout, indicating strong selling pressure.
It aligns with a liquidity area visible in the red rectangle.
Also near the yellow moving average (likely 50 or 100 periods), acting as dynamic resistance.

Key Support: 1.02838

Marked in blue as a potential short-term target.
A level that previously provided support and may attract buyers again.

📉 Current Scenario:
The price has rejected the 1.0529 resistance with a strong bearish candle.
A breakdown from the gray zone suggests a potential continuation downward.
If selling pressure persists, the 1.02838 target could be reached.

📈 Potential Trading Strategies:
🔻 Short Scenario (Bearish Bias):

Entry: Below 1.0430 after confirmation with a daily bearish close.
Target 1: 1.02838
Target 2: Below 1.0200 (depending on price action).
Stop Loss: Above 1.0500 (to avoid false breakouts).

🔼 Long Scenario (Less Likely Bullish Setup):

Entry: Confirmed bounce above 1.02838 with a strong reversal candle.
Target: Retest of 1.0529, with a stop below 1.0280.

📌 Final Considerations:
The current structure favors a short-term bearish continuation.
Key areas (support and resistance) will be crucial for the next move.
Watch for macroeconomic data and volatility, as they could impact the trend.