EURUSD H1: Bears Remain in Control, but Is a Reversal Approaching?

EURUSD remains under strong bearish pressure, with ADX at 45.88 and -DI (24.08) significantly above +DI (10.21).

RSI at 27.06 signals oversold conditions, raising the possibility of a short-term corrective bounce.

Key levels to watch:

- Support: 1.1130 and 1.1103
- Resistance: 1.1187–1.1200 and 1.1272

A confirmed break below support could extend the decline, while a recovery above resistance may signal weakening bearish momentum.

My view: The trend remains bearish, but chasing sellers near support carries additional risk.

What do you expect next: continuation or a corrective rebound?

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