Signal EURUSD Sell — H4 - June 2, 2026 20:20 GMT-4
On the H4 chart of EURUSD the market has been carving a descending channel since the 1.16857 high two weeks ago. Recent candles have retested the 1.164‑1.165 resistance and failed to hold, with the last three bars closing below the 1.1630‑1.1625 swing low, indicating weakening bullish momentum. Volume peaked during the breakout to 1.16568, but has since contracted to modest levels, suggesting the rally lacked broad participation. The price now sits near a dynamic support zone around 1.1620, which also aligns with the 50‑period moving average and the lower boundary of the prior consolidation range. Given the break of the…