EURUSD is stabilizing on H4 after the strong drop from 1.1780 to 1.1580.
Price is now consolidating between 1.1600–1.1660, while the EMA cluster around 1.1640–1.1655 continues acting as important resistance.
The market remains cautious ahead of ISM data, Powell’s speech, and US jobs numbers, while ECB inflation expectations continue supporting the euro.
Trade Plan
Buy setup: watch the 1.1630–1.1620 support zone. If buyers defend it clearly, targets are 1.1660 and 1.1680.
Continuation buy: if EURUSD breaks and holds above 1.1680 on H4, the next upside zone becomes 1.1710–1.1730.
Sell setup: rejection below 1.1660–1.1680 may push price back toward the lower end of the range.
Invalidation: clear H4 breakdown below 1.1620.