EUR/USD is currently facing strong selling pressure after failing to break above a significant resistance zone around 1.1540–1.1550. The recent price action shows that buyers attempted to push the market higher, but the rally was rejected as sellers stepped back into the market.

From a technical perspective, the market remains below a key resistance area and is trading inside a structure that continues to favor the bears. The inability to close above the resistance zone indicates that institutional sellers may still be defending higher prices. If EUR/USD continues to trade below this level, the probability of a bearish continuation increases.

The highlighted resistance zone is the most important area to watch. Unless buyers can produce a strong breakout and a confirmed candle close above 1.1545, every rally toward this zone may attract fresh selling pressure. A failed breakout often leads to increased volatility as short sellers regain confidence.

On the downside, the first support is located near 1.1480. A clean break below this level could expose the next bearish targets around 1.1460, followed by 1.1440. If selling momentum accelerates, these levels could be reached as traders continue to unwind long positions.

Overall, the market structure remains cautiously bearish. Sellers currently have the advantage, while buyers need a decisive breakout above resistance to change the short-term trend. Until that happens, traders should remain patient and wait for confirmed price action before entering new positions.

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