@scottgrayson7

Hello everyone, At this point, the downtrend remains the dominant scenario for EUR/USD. The recent rebounds do not signal a trend change, but rather look like technical pullbacks - pauses that allow price to rebalance before the market decides on its next move. After topping out around the 1.1800 area, price has continued to weaken and stays below both the EMA 34 and EMA 89. The EMA 34 is sloping downward and acting as short-term dynamic resistance, while the EMA 89 has also started to roll over, confirming that medium-term bearish pressure is still in control. The inability of EUR/USD to reclaim the EMA 34 during these pullbacks clearly shows that buyers lack the strength to shift the broader bias.

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