EURUSD Short: Descending Channel Holds Strong, Eyes On 1.1680Euro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded below a descending supply line. After a breakout above this structure, price entered a short consolidation phase (range), but the upside momentum was limited. Currently, EURUSD is trading below the 1.1770 supply zone, which acts as resistance, while moving lower within the descending channel. A recent fake breakout above resistance followed by a sharp rejection indicates strong selling interest. As long as EURUSD remains below the 1.1770 resistance and respects the descending channel, the bearish scenario remains valid. A continuation to the downside could push price toward the 1.1680 demand zone (TP1). Manage your risk!