EURUSD - Corrective rebound before bearish continuation

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EURUSD - Corrective rebound before bearish continuationEUR/USDOANDA:EURUSDDeGRAMEURUSD is attempting to recover after the recent decline and is now moving back toward the local resistance area near 1.1550–1.1560. So far, this rebound still looks corrective, and the broader structure continues to favor bearish pressure. Technically, the pair remains below the descending resistance line, while price action continues to respect the lower boundary of the larger structure. The latest bounce came from support, but buyers have not yet shown enough strength to break the sequence of lower highs. If EURUSD gets rejected from the current retest zone, the pair could resume its decline and move back toward the lower support area. Resistance levels: 1.1560, 1.1600 Support levels: 1.1450, 1.1400 A rejection from the resistance zone and renewed selling pressure below 1.1550 could open the way for another move toward 1.1400.