EUR/USD Price Outlook – Trade Setup (EUR/USD)Euro / U.S. DollarFOREXCOM:EURUSDATFX_Global📊 Technical Structure EURUSD EUR/USD is trading near 1.1616, struggling to recover after breaking below the short-term trendline. Price action shows rejection from the 1.1636–1.1647 resistance zone, while downside momentum is supported by a descending channel structure. Sellers remain in control unless bulls reclaim resistance. 🎯 Trade Setup Entry: 1.1636 – 1.1647 (Resistance Rejection Zone) Stop Loss: 1.1652 Take Profit 1: 1.1583 Take Profit 2: 1.1571 Risk-to-Reward (R:R): ~1 : 4.12 🗝 Key Technical Levels Resistance Zone: 1.1636 – 1.1647 Support Zone: 1.1571 – 1.1583 Current Price: 1.1616 🌍 Macro Background Markets are increasingly concerned with G10 government debt sustainability, particularly France, the UK, and the US. The US Congressional Budget Office estimates the deficit at $1.8 trillion, while weak economic data continues to raise expectations for more Fed rate cuts this year. However, political instability in Europe (e.g., French government crisis) is keeping pressure on the euro. A cautious ECB stance, alongside market fears of fiscal slippage, may limit EUR/USD upside. 📌 Trade Summary EUR/USD remains bearish below 1.1647 resistance. A rejection in this area could extend the decline toward 1.1571 support, in line with debt concerns and risk-off flows supporting USD. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.