H4: After a corrective move higher, the pair is trading near 1.1430, staying below the key resistance zone of 1.1460–1.1470. The price failed to consolidate above this area, indicating a weakening of the upward momentum and increasing the probability of a new downward phase.

As long as quotes remain below 1.1465, the priority lies with the sellers. The immediate downside target is in the 1.1360–1.1370 area, where a potential support zone exists within the current market structure. A break above the resistance level will cancel the current bearish scenario.

Trading Decision: SELL 1.1430, SL 1.1465, TP 1.1365