EURUSD Today: Price Holds Near 1.1610 as Bearish Structure KeepsEUR/USDOANDA:EURUSDHenrybillionEURUSD Today: Price Holds Near 1.1610 as Bearish Structure Keeps Pressure on the 1H Chart EURUSD on the 1H chart remains under bearish pressure despite the recent short-term consolidation around 1.1610. After the strong decline from the upper supply zone, price has failed to build a convincing bullish reversal and is still trading below key resistance areas, which keeps the broader intraday structure tilted to the downside. From a price action perspective, the pair is now moving inside a recovery phase after the selloff, but this rebound still looks corrective rather than impulsive. The zone around 1.1640 to 1.1650 is acting as near-term resistance, and as long as price stays below this area, sellers still have room to press the market lower. On the downside, the weak low around 1.1530 remains the main support and liquidity target. If EURUSD loses short-term support and breaks lower again, that zone could be revisited quickly. On the upside, if buyers manage to reclaim 1.1640 to 1.1650, the next recovery area comes in around 1.1690, followed by higher resistance near 1.1770 and 1.1810. At this stage, the chart suggests a wait-for-rejection approach near resistance rather than chasing bullish moves in the middle of the range. The market is still trading below major supply, and the bearish structure has not been invalidated yet. Key Resistance Levels: 1.1640 to 1.1650 1.1690 1.1770 1.1810 to 1.1830 Key Support Levels: 1.1580 1.1530 The preferred setup is to watch for bearish rejection below 1.1640 to 1.1650 for potential short continuation toward 1.1580 and 1.1530. If price breaks and holds above 1.1650, EURUSD could extend higher into 1.1690 before facing stronger resistance again.