$eur (4H) — Momentum Breakdown Short

Bias: Bearish

Entry Zone: 1.1625 - 1.1650

Targets:
TP1: 1.1590
TP2: 1.1545
TP3: 1.1500

Stop Loss: 1.1695

Why this Setup:
EUR has completely lost higher timeframe momentum after failing to sustain the previous consolidation near the 1.178 region. The structure shifted aggressively bearish once support cracked, triggering a sharp cascade lower with almost no meaningful buyer response.

What stands out most is the impulsive nature of the selloff. Instead of gradual weakness, price accelerated downward through multiple levels rapidly — a sign that sellers are still dominating order flow.

The current bounce near 1.162 looks more like temporary stabilization than actual reversal strength. Unless buyers reclaim the broken structure quickly, this type of weak consolidation often leads to another continuation leg lower.

As long as EUR remains below the previous breakdown zone, downside pressure continues to favor sellers.