H4: After a corrective rebound, the pair is trading near 1.1719, staying below the key resistance zone of 1.1845–1.1850. Price failed to закрепиться above this area, which signals weakening upside momentum and increases the likelihood of a new bearish phase developing.

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

Trade setup: SELL 1.1815, SL 1.1845, TP 1.1755