Signal EURUSD Sell — H4 - June 4, 2026 16:06 GMT-4
The EURUSD H4 chart shows a clear downtrend with recent lower closes consolidating around key support levels. The last three candles (ending 2026-06-04) closed at 1.1612, 1.16015, and 1.16206, forming a descending pattern. Price has been struggling to break above the 1.1630-1.1650 resistance range, with volume declining on recent attempts, suggesting weakening bullish momentum. The current close at 1.1612 aligns with a critical support level, acting as a potential reversal zone. The consolidation phase following a prior rally indicates traders may be positioning for a bearish move, supported by the breakdown below 1.1612. Given the sustained pressure near this support…