H4: The currency pair continues to develop a steady downward trend. On the four-hour timeframe, quotes have successfully broken through a strong support area (3/8) and consolidated below the 1.1580 level, which has now turned into resistance. The current consolidation at local lows indicates a high probability of the bearish momentum continuing without significant pullbacks.

The main scenario remains a further decline toward the next target at the support level (2/8). A cancellation of this forecast is possible only if the price returns and consolidates above the 1.1595 mark, which could trigger a prolonged phase of sideways correction.

Trading decision: SELL 1.1545, SL 1.1590, TP 1.1430.