Expected Movements of the EUR/USD Pair on the 4-Hour Timeframe

The EUR/USD pair has reached strong selling pressure zones on the 4-hour timeframe, overlapping with the daily timeframe, within the context of an upward corrective move.

We currently expect to see a pullback, which could push the pair back down and resume its downtrend.

Expected Targets

If a bearish candle closes below the current selling pressure zone, located near the 1.16100 level, we expect to see a decline to the targets near 1.15700 and 1.1522, respectively.

However, if the pair breaks through the selling pressure zone and closes above it with a 4-hour candle, the analysis will be invalidated, and the upward movement could continue towards the next level near 1.1700.