EUR/USD continues to show weakness

On the hourly chart, the EUR/USD pair continues to show weakness, trading below the MA (200) H1 moving average, which indicates the dominance of bearish sentiment. After repeated attempts to overcome the 1.1545 level, the price turned down and is now trading near the 1.1470 mark, approaching the 1.1445 support. If it is breached, a decline to the area of 1.1405 is likely. The MACD indicator reinforces the negative picture: the histogram is expanding in the negative zone, and the MACD line is pointing down, which confirms the growing selling pressure. At the same time, the nearest resistance is located at 1.1545, and only a return above this level may signal a recovery in the upward trend. Overall, the technical picture remains negative, and short positions remain a priority while maintaining the current momentum.

Resistance levels are: 1.1545, 1.1580, 1.1615-30

Support levels are: 1.1445, 1.1405, 1.1355-70

The main scenario for the pair's advance suggests a breakout of support at 1.1445 (June 19 low) and a possible decline to 1.1405 (June 11 low).

An alternative scenario implies a breakout of the resistance 1.1545 (June 20 high) and there may be an increase to 1.1580 (June 17 high)