EUR/USD Chart Analysis
EUR/USD trades at 1.1615 amid a negative near-term tone, with bears eyeing the 1.1600 support area. The pair remains trading within the last two weeks' range with momentum indicators reinforcing the soft bias. The 4-hour Relative Strength Index (RSI) is lingering just below the 50 line, and the Moving Average Convergence Divergence (MACD) shows growing bearish pressure.

A confirmation below the 1.1600 area, which contained downside attempts on Monday, and is holding bears so far on Wednesday, would bring the bottom of the range, at the 1.1570 level (May 21 low), back to the focus. Further down,