Signal EURUSD Sell — H4 - June 4, 2026 05:50 GMT-4
The EURUSD H4 chart displays a consolidation phase within a descending channel, marked by lower highs and lower lows since the mid-May pivot. Recent price action has tested key support at 1.1627-1.1632 multiple times, with the latest close at 1.16124 failing to sustain above this range. Volume has contracted during these attempts, signaling waning bullish momentum. The current structure suggests a potential breakdown below the support level, which aligns with the SELL signal. A breakout below 1.16275 would confirm a shift in trend dynamics, as the market appears to be retesting critical levels with diminishing strength. The SL at 1.16653…