EURUSD Bearish Channel Breakdown Targeting 1.16640 SupportEuro vs United States DollarTICKMILL:EURUSDAlpha_Trade_ScopeThe chart shows EURUSD transitioning from a previous consolidation range into a strong bearish trend. After failing to hold above the resistance zone around **1.1780 – 1.1800**, price reversed sharply and broke below the Ichimoku cloud, confirming bearish momentum. Price is now moving inside a well-defined descending channel, forming lower highs and lower lows—indicating sustained selling pressure. The recent pullbacks remain weak and continue to respect the channel’s upper boundary, reinforcing the downtrend structure. The market is currently trading near minor support, but momentum suggests continuation toward lower levels as long as price stays within the channel and below dynamic resistance. **Target:** 🎯 **1.16640** – Key support level and projected target at the lower boundary of the descending channel. A clean move into this zone could trigger either a short-term reaction or consolidation, while a strong breakdown may extend the bearish trend further.