EUR/USD shows signs of a downward correction

On the hourly chart, the EUR/USD pair shows signs of a downward correction after the previous growth. After reaching a maximum in the area of 1.1630, the price began to decline, breaking through the support level of 1.1580 and further 1.1535. Currently, the quote is trading below the MA (200) H1 moving average, which confirms the predominance of downward pressure. The current level, around 1.1480, is below the moving average, and growth attempts are still limited by resistance near 1.1500. Support is in the 1.1445 zone, its breakdown may open the way to 1.1405. The MACD indicator is in the negative zone, although the histogram shows an attempt to reverse upward, which may indicate a short-term consolidation or a weak correction. In general, the movement structure remains bearish, and without a confident breakdown above 1.1535, the downside risks remain.

Resistance levels are: 1.1535, 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 the resistance at 1.1535 (June 18 high) and there may be an increase to 1.1580 (June 17 high)

An alternative scenario implies a breakout of the session low of 1.1445 and there may be a decline to 1.1405 (June 11 low).