EURUSD: Rejection from 1.1590 Signals Further Downside To 1.1500Euro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD is trading inside a clear descending channel, confirming sustained bearish pressure with lower highs and lower lows. Price previously formed a range before breaking down and continuing the trend. Currently, price is moving back below resistance and heading toward the 1.1500 support zone, which aligns with previous reactions and acts as a key demand area. My Scenario & Strategy As long as price remains below 1.1590 resistance and inside the descending channel, the bearish bias remains valid. A rejection from this zone could push EURUSD toward the 1.1500 support, which is the main downside target. However, if price breaks and holds above 1.1590, the bearish scenario would weaken and the market could shift into a broader consolidation. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.