EURUSD โ€“ 1H Bearish Outlook | June 3, 2025

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๐Ÿ“Š EURUSD โ€“ 1H Bearish Outlook | June 3, 2025

Current Price: 1.13882
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๐Ÿ”ป Market Structure:

EURUSD has broken the ascending trendline, confirming a bearish shift in momentum.

Price rejected from the monthly resistance zone near 1.14887 and is now forming a lower-high structure, indicating continued downside pressure.

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๐Ÿ”‘ Key Zones:

๐ŸŸฅ Resistance Zone: 1.14600 โ€“ 1.15000 (Monthly Resistance)

๐ŸŸฉ Support Zone: 1.12781 โ€“ 1.11474

๐ŸŽฏ Target Area: 1.11474 (Marked as final downside target on chart)

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๐Ÿง  Technical Analysis:

The market is creating lower highs and lower lows, suggesting a bearish trend.

Price is currently sitting below the broken trendline and heading toward the support zone.

The pattern suggests a continuation setup โ€” further downside is likely as long as the price stays below 1.15500

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โœ… Trade Plan:

Targets:
* TP1: 1.12781
* TP2: 1.1200
* TP3: 1.11474

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โš ๏ธ Note:

Keep an eye on price action near 1.12781 for a potential bounce or continuation.

Volume and market sentiment will be key near the support zone.

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