EUR/USD Bearish Channel Breakdown – Sellers Target Further DownsEUR/USDOANDA:EURUSDGold_Market_MindMarket Structure: EUR/USD has shifted into a clear short-term bearish trend after forming a lower high near 1.1830. The break below intraday support triggered strong downside momentum, confirming sellers’ control. Trend & Momentum: Price is trading well below the 9-period SMA. A descending channel is forming with consistent lower highs and lower lows. The recent pullback failed to reclaim the broken structure, indicating continuation pressure. Breakout Zone: The marked 1.1780–1.1790 area acted as support and has now flipped into resistance. As long as price stays below this zone, bearish momentum remains valid. Current Setup: Entry region: Around 1.1685–1.1700 after minor pullbacks Immediate resistance: 1.1715–1.1730 Intraday support: 1.1660 Target Levels: TP1: 1.1670 TP2: 1.1655 TP3: 1.1630 Invalidation: A strong break and close above 1.1735 would weaken the bearish outlook and suggest a deeper correction. Bias: Bearish continuation unless price reclaims 1.1735–1.1750 zone.