H4: Following a period of sustained pressure, the EUR/USD pair has entered a local recovery stage, trading near 1.0835. Despite growth attempts, quotes remain below the key resistance level of 1.0870. The bulls’ inability to break this barrier confirms the persistence of the medium-term downtrend and indicates a high probability of resumed decline once the current correction ends.

As long as the price stays below the 1.0875 area, the primary scenario remains the development of a new bearish phase. The immediate target for profit-taking is located in the 1.0760–1.0775 support zone. A breakout and consolidation above the 1.0880 resistance will invalidate this forecast and open the way for a more significant rally.

Trading Decision: SELL 1.0835, SL 1.0875, TP 1.0770