Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

Why The Bears Are Still In Control 🐻 #eurusd #trading #forex

3 Oct 2026 · 1 min

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0:52

Vladimir Ribakov breaks down the EUR/USD 4-hour chart, showing why bears still have control. Broken support has flipped to resistance, and he's watching for a bullish divergence on MACD and RSI that could trigger a deeper pullback before the downtrend resumes.

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And that's the main message, the way I see that on the 4-hour chart, that there are no reversal signs. So on the short term, I would want to sell these rallies. Of course, we have the broken support acts as the resistance here, here, and here. All these are key levels, key resistance levels. In terms of highs, we have these levels which act as supply zones. So as long as they hold, I am after sell the rallies. But pay attention to this very, very, very important thing. We saw how close we are to key levels. So if we start to get that lower lows on the chart but higher lows on the MACD indicator, and RSI could start build that up, that would be a bullish divergence which hints that a deeper pullback could take place