EUR/USD – 1H – SELL

The 1H EUR/USD chart has fired a dense cluster of bearish signals, led by a Trendline Break Down and multiple Retreat Down patterns (Trendline, Double Bottom, Triple Bottom, TEMA, Fibonacci). The Fibonacci Retreat Down at 79% retracement, combined with a Northern Doji candlestick, suggests sellers are defending a key Fibonacci level. The BOP Zero Cross Down confirms declining buying pressure. While the broader trend across all timeframes is bullish, the 1H and 30M trends are only 'trend forming' (2/5), indicating that the bullish momentum is not yet robust. This bearish signal cluster on the 1H could represent a corrective pullback within the larger uptrend, but the confluence of patterns and indicators suggests a meaningful retracement may be underway.

Immediate focus is on the nearest support at 1.14999, which aligns with a potential downside target. A break below this level would reinforce the bearish case and could open the door for further declines. Conversely, the nearest resistance at 1.15585 serves as the invalidation zone; a sustained move above this level would negate the bearish signal and signal resumption of the broader uptrend. Traders should monitor price action around these levels, as a decisive break in either direction will likely dictate the next move.