EUR/USD Technical Analysis

• EUR/USD is strongly bearish
• The price is having a strong confluence at support
• Volumetric breakout is confirmed
• W L5 camarilla could be the next level

H4 CHART EUR/USD

1. Major support area
2. The Rooftop pattern at support
3. The Breakout
4. The final target of the swing

Strong bearish pressure is reflected on the H4 chart. The EUR/USD is going bearish with a very strong sell momentum. Previous strong support has been taken out and we can see that the price is following the major breakout lower. We can also see the rooftop pattern at the support which indicates a strong bearish pressure and momentum. 1.1515 followed by 1.1485 and 1.1440 are targets for this move. Watch for 1.1515 first as it is the yearly support level too.