H4: After the corrective rebound, the pair is trading near 1.180–1.182, staying below the key resistance zone at 1.1845–1.1850. Price failed to hold above this area, which points to weakening upside momentum and increases the probability of a new bearish phase.

As long as quotes remain below 1.1845, sellers keep priority. The nearest downside target is located in the 1.1750–1.1760 area, which acts as a potential support zone given the current market structure. A sustained move above the resistance level would invalidate this bearish scenario.

Trading idea: SELL 1.1815, SL 1.1845, TP 1.1755