EUR/USD: Bears Eye 1.14-1.16 Zone as Head & Shoulders Forms

EUR/USD has developed a bearish head and shoulders pattern on the daily chart, suggesting potential downside momentum toward the 1.1400-1.1600 support zone. The pattern, a classic reversal signal, indicates growing selling pressure as the pair struggles to maintain recent gains. Technical indicators show the neckline support around 1.1650, with a confirmed break potentially triggering a measured move of approximately 200-250 pips lower. The bearish setup aligns with broader dollar strength themes and concerns over Eurozone economic resilience. Traders are monitoring the 50-day moving average at 1.1680 as immediate resistance, while the 200-day MA near 1.1550 could provide intermediate support. A decisive break below the neckline would validate the pattern and open the path toward the 1.1400 psychological level, where significant buying interest may emerge from institutional traders positioning for longer-term value.