EURUSD Is Not Reversing — This Is a Pullback Into H1 SupportEUR/USDOANDA:EURUSDRexTraderGOLDHello everyone, On the H1 timeframe, the key focus right now is not the recent bearish candles, but how EURUSD is reacting after rejecting from a descending resistance and pulling back into a well-defined support zone. Structurally, the market remains capped by a descending resistance trendline, with price consistently forming lower highs beneath it. The most recent push higher stalled precisely at the EMA cluster and the resistance zone, where sellers stepped in aggressively. This rejection confirms that upside attempts are still being sold and that bullish momentum has not yet regained control. Following that rejection, EURUSD is now rotating lower toward the 1.1720–1.1730 support zone, which has already acted as a strong reaction base in previous sessions. This area is technically important: it marks prior demand and has previously absorbed selling pressure before producing sharp rebounds. The current move lower appears orderly and corrective, rather than an impulsive breakdown. From a price action perspective, there is no confirmed trend reversal at this stage. The decline into support fits well with a pullback within a broader corrective structure, not a fresh bearish expansion. As long as price holds above the support zone, downside follow-through remains limited. The projected path on the chart reflects this logic: A test or sweep of the 1.1720 support zone to check demand A technical rebound back toward the mid-range Potential continuation higher toward the descending resistance if buyers regain strength Only a clean breakdown and acceptance below the support zone would invalidate this pullback scenario and open the door for deeper downside. Conversely, a reclaim above the EMA cluster and descending trendline would be the first signal that bearish pressure is fading and that a larger recovery toward resistance is possible. Until confirmation appears, EURUSD is not trending aggressively in either direction. It is rebalancing after rejection, and patience around key levels remains critical. Wishing you all effective and disciplined trading.