H4: A reversal of the short-term trend has occurred on the four-hour timeframe. The currency pair failed to remain within its previous ascending channel and impulsively broke through the key support level (4/8) at 1.1700. Currently, the price has stabilized below this zone, confirming that the initiative has shifted to the sellers and the formation of a new downward structure has begun.

The development of the bearish impulse remains the priority scenario as long as quotes stay below the resistance area of 1.1695–1.1710. The immediate target for profit-taking is the lower boundary of the range near 1.1560. A price consolidation above 1.1720 will invalidate this trading plan.

Trading Decision: SELL 1.1665, SL 1.1710, TP 1.1560.