H4: After the corrective rise, the pair is trading near 1.1528, remaining below the key resistance zone at 1.1560–1.1570. The price failed to hold above this area, indicating a weakening of the upward movement and increasing the likelihood of a new downward phase within the current bearish trend.

As long as quotes remain below 1.1565, sellers maintain priority. The nearest target for the decline is in the 1.1460–1.1470 area, where a potential support zone exists within the current market structure. A break above the resistance level will cancel the current bearish scenario and open the way to a deeper correction.

Trading decision: SELL 1.1525, SL 1.1565, TP 1.1460