EURUSDEuro/US DollarFX:EURUSDHAMED_AZHello Traders! 👋 What are your thoughts on EURUSD? The EUR/USD pair is approaching a critical decision zone on the daily timeframe, where multiple technical factors are converging. Price is still trading below a descending trendline and within a bearish channel, indicating that the overall market structure remains bearish unless a valid breakout occurs. The highlighted red zone is acting as a strong supply area, with price showing clear signs of rejection upon retest. The 0.618 Fibonacci level (around 1.1820) aligns precisely with this resistance zone, reinforcing the bearish scenario. We expect some short-term consolidation around this area, followed by a continuation of the bearish move toward the lower boundary of the channel. A breakout above the descending channel would invalidate the bearish scenario. Feel free to like and share your thoughts in the comments! ❤️