EURUSD: bearish setupEuro vs United States DollarTICKMILL:EURUSDTrade8Eight🛠 Technical Analysis: On the H1 chart, EURUSD remains in a broader downtrend and is now forming a "Bearish Wedge" after the impulsive selloff. Price is grinding higher inside the wedge but is meeting supply again around the 1.1610–1.1620 resistance area, where previous reactions formed. The move up looks corrective, with the structure suggesting a potential breakdown once buyers lose momentum near the wedge ceiling. The SMA 50 is sitting above price and can act as dynamic resistance on any spike, while the SMA 100/200 remain well higher—confirming bearish market context. The trade idea focuses on selling a rejection from the current resistance shelf and wedge boundary. If the wedge breaks down, the next key magnet is the marked demand zone near 1.1532. A sustained reclaim above the upper resistance would weaken the bearish scenario and delay continuation. ——————————————— ❗️Trade Parameters (SELL) ——————————————— ➡️ Entry Point: 1.16124 🎯 Take Profit: 1.15315 🔴 Stop Loss: 1.16663 ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.