
Waiting to Break this Support - EURUSD (H1)
A sustained 1-hour candle breakdown below 1.1570 signals a loss of buyer control at this base.
Following the peak near 1.1615, price action has shifted into a corrective bearish phase with lower highs and lower lows. A break of 1.1570 confirms market structure continuation to the downside.
The level that previously acted as a launching pad for the bullish rally now turns into overhead resistance. A breakdown validates that supply is taking over demand.
Below 1.1570, there is a clear liquidity void down toward the previous consolidation zone and swing support around 1.1525 – 1.1530, offering a strong risk-to-reward scenario for short sellers.