EURUSD at a Make-or-Break Demand Zone — Bounce Setup Euro/US DollarFX:EURUSDXauMasterNetworkbearish impulsive move from the prior supply zone near 1.1660–1.1670. The sell-off was aggressive, breaking structure cleanly and confirming that sellers remain in control on the H1 timeframe. However, after reaching demand, price has shifted into short-term consolidation, signaling hesitation rather than immediate continuation. From a structure and trend perspective, the market is still bearish overall. Price remains below the descending trendline and below the EMA, both of which are acting as dynamic resistance. Any bullish movement from the current demand zone should be treated as a corrective pullback, not a trend reversal, unless price can reclaim the trendline and hold above it with strong momentum. Scenario-wise, there are two clear paths. If buyers manage to defend the demand zone and push price upward, the most likely upside reaction would be a pullback toward the trendline and EMA confluence, where sellers are expected to re-enter from a premium area. Failure at that level would reinforce the bearish continuation narrative. On the other hand, if the demand zone fails to hold, a clean breakdown below 1.1590 would likely trigger another bearish expansion, opening the door toward lower liquidity levels around 1.1560 and below. ➡️ Market bias: Bearish, corrective bounce possible ➡️ Key focus: Reaction at demand zone vs. trendline rejection ➡️ Invalidation: Strong acceptance above trendline and EMA This is a classic sell the rally environment, with demand acting as a temporary pause rather than a confirmed reversal zone.