EURUSD Trading Inside Bearish Channel - Downside Pressure Builds

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EURUSD Trading Inside Bearish Channel - Downside Pressure BuildsEuro / U.S. DollarFOREXCOM:EURUSDLegionQ8Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. Price previously traded inside a descending channel and later broke below support, confirming continued bearish momentum. After the drop, the market formed a range, followed by another rejection from the descending resistance line, which resumed the downtrend. Currently, EURUSD is trading below the 1.1470 resistance (seller zone) and near the 1.1420 support (buyer zone). My scenario remains bearish while price stays below 1.1470. A rejection here could push EURUSD toward the 1.1390 support (TP1). A break above 1.1470 would weaken the bearish outlook. Please share this idea with your friends and click Boost 🚀