EUR/USD Bearish Breakdown Below 1.1700 – Sellers Target 1.1470EUR/USDOANDA:EURUSDGold_Market_MindEUR/USD has confirmed a strong bearish move after breaking below the marked support zone around 1.1705–1.1710. The prior structure shows a clear lower high followed by an impulsive selloff, signaling short-term trend reversal. Price attempted consolidation beneath the broken support but failed to reclaim it, turning that area into resistance. The rejection from this level confirms a classic support-turned-resistance scenario. Moving averages are aligned bearishly, supporting downside momentum. Key Observations: Structure: Lower highs and lower lows forming. Breakdown: Clean break below horizontal support. Retest: Weak pullback into resistance zone. Momentum: Strong bearish impulse leg. Trade Idea (as illustrated): Entry: Around 1.1610–1.1620 after breakdown confirmation. Stop Loss: Above 1.1705 (previous support / now resistance). Target: Near 1.1470 major demand zone. RR: Favorable risk-to-reward with continuation potential. If price remains below 1.1700, bearish continuation toward 1.1500–1.1470 remains highly probable. A reclaim above 1.1710 would invalidate the immediate bearish outlook. Overall bias: Bearish continuation unless structure shifts.