H4: After a corrective rebound, the pair is trading near 1.181–1.183, remaining below the key mid-range zone. The price failed to hold above the 1.1850 area, which acts as intermediate resistance. The level structure indicates weakening upward momentum and a probability of forming a new bearish phase.

As long as the price remains below 1.1855, sellers keep the priority. The nearest downside target is located in the 1.1760–1.1770 area, which marks the lower boundary of the current range and a potential support zone. A breakout above resistance would invalidate the current scenario.

Trade decision: SELL 1.1820, SL 1.1855, TP 1.1765