EUR/USD Bearish Momentum Targets 1.0280 in Scalping Setup

EUR/USD continues its bearish trajectory, currently trading at 1.0315, down 0.6% in early European session. The pair's decline accelerated after breaking below the key 1.0350 support level, with bearish momentum indicators suggesting further downside potential. Intraday scalping opportunities favor short positions on rallies toward 1.0330-1.0340 resistance zone, targeting 1.0280 initial support. The 15-minute chart shows a clear descending channel pattern, with MACD histogram deepening in negative territory. Volume analysis indicates strong selling pressure during US session overlap. The euro's weakness reflects growing concerns over Eurozone economic divergence from US growth trajectory, while the dollar maintains bid tone ahead of crucial US data releases. Scalpers should maintain tight stops above 1.0345 to protect against potential short squeezes, with profit targets staggered between 1.0295 and 1.0280.