EURUSD: Sellers Target Move Toward 1.1550 Support ZoneEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD is currently reacting within a broader corrective structure after failing to break above the major Resistance Area around 1.16500. This zone has repeatedly acted as a strong supply region, where price formed multiple rejection points and false breakouts. Each attempt to move higher was stopped by the descending Resistance Line, confirming continued bearish pressure. Earlier, EURUSD moved inside a wide Range Phase, followed by a breakout that initiated an upward correction inside an Upward Channel. However, bullish momentum weakened once price reached the upper boundary of the channel and the major resistance area. This led to a strong reversal and a bearish breakout below channel support. Currently, EURUSD is climbing again toward the same Resistance Area near 1.16500, but the structure suggests the move is likely a corrective pullback, not a trend reversal. Price is approaching the intersection of the Resistance Line and the Resistance Zone, creating a confluence area where sellers are expected to regain control.As long as the market trades below this resistance cluster, the overall trend remains bearish. A rejection from the 1.16500 level could trigger a decline toward the Support Zone at 1.15550, which previously acted as a key demand region. My Scenario & Strategy I expect EURUSD to complete its pullback soon and resume the bearish trend once price reaches the 1.16500 Resistance Area. This zone remains the strongest supply region in the current structure. Potential short entries become valid once bearish confirmation appears near 1.16500, with the primary target at the 1.15550 Support Zone (TP1). A clean breakdown below 1.15550 would signal continuation of the downtrend. Alternatively, if EURUSD successfully breaks above 1.16500 and stays above the descending resistance line, bullish momentum may develop — but for now, this scenario remains secondary. Market bias stays bearish as long as price trades below resistance. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.