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EURUSD Bearish Setup from Resistance

EURUSD shows a bearish rejection from resistance with a double top breakdown on the hourly chart.

Lena Brandt·Jul 8, 2026·1 min read

EURUSD Bearish Bias

I am watching EURUSD reject a strong intraday resistance level. The double top pattern on the 1H timeframe has broken its neckline, confirming selling pressure. This setup gives me a clear bearish bias. Risk is defined by the recent swing high, and I will wait for confirmation before committing capital.

Comments5

  • Priya Nair
    Good observation on the hourly double top. 📈 The rejection at 1.0950 aligns with the 200-period EMA, so a retest of the 1.0900 support zone seems likely if sellers hold below 1.0930.
  • Tom Fielding
    Double tops work until they don't. Seen this pattern fail enough times to wait for a close below 1.0850 before getting short.
  • Sofia Reyes
    Interesting how that double top breakdown lines up perfectly with the 1.0500 psychological level—makes you wonder if we're seeing real momentum or just noise before the next big move. 🤔 What's your target if it holds?
  • Hiro Tanaka
    Resistance rejection is clear, but volume on the breakdown is below the 20-period average — suggests caution on chasing short below 1.0850.
  • Marcus Vega
    Double top breakdown is clear on the hourly. Bias is bearish until price reclaims the neckline, which invalidates the setup. 🚀