EUR/USD is giving a clean short setup on the 4-hour timeframe after breaking below the key 1.14000 support zone and retesting it as resistance. The trend since mid-July has been decisively bearish — we’ve printed lower lows from the 1.14825 swing high with no signs of buyers stepping in.

Today’s session tells the story: price opened at 1.13734, rallied to kiss 1.14011, and got immediately rejected back to 1.13860. That’s the old support zone doing its new job as resistance. The wick rejection confirms sellers are defending the level aggressively.

Entry is at 1.13860 with a tight stop above the rejection high at 1.14020. First target sits at 1.13680 — just below today’s session low. Second target extends to 1.13500, which lines up with the July 15 consolidation base and gives a solid 2:1 reward-to-risk.

Structure is clean, risk is defined, and the trend is your friend here. Looking for continuation to the downside as long as we stay below 1.14020.

Trade Plan

Level
Entry 1.13860
Stop Loss 1.14020
Take Profit 1 1.13680
Take Profit 2 1.13500
Invalidation is a 4H close back above 1.14020. Until then, bears have the wheel.

Not financial advice — manage your risk.