Signal EURUSD Sell — H1 - July 9, 2026 11:36 GMT-4
The EURUSD H1 chart reveals a bearish consolidation phase following a prior rally. Price has formed a descending pattern with lower highs and lower lows, indicating weakening bullish momentum. The recent candle closes near 1.14327, which aligns with a critical support level breached in the prior session, suggesting potential for further downside. Volume spikes on the entry candle (1.14327) confirm heightened selling pressure, validating the reversal setup. Key resistance at 1.14479 remains intact, preventing upward momentum, while the TP target at 1.1392 represents a major psychological support level. The current structure shows price struggling to sustain above the descending trendline,…