EURUSD 2-hour Market Analysis

After a period of consolidation and upward movement in the 2-hour EUR/USD chart, a recent downward trend has emerged, with the current price at 1.16624 showing a short-term decline. The upper resistance levels are at 1.16868 and 1.1700, while the lower support levels are at 1.16602 and 1.1650. In the short term, it is expected to first test the 1.16602 support; if it does not break below this level, the pair will likely remain in a range-bound state. A break below 1.16602 would indicate a continuation of the downward trend.