Is EURUSD about to break down again?EUR/USDOANDA:EURUSDParadise_NoirAfter a rebound from the 1.14 level, EURUSD shows no clear signs of reversal, primarily just a pullback within a downtrend. The price structure remains unchanged with progressively lower highs, indicating that sellers have not yet left the market. On the H4 timeframe, the price is being held back by the descending trendline and the Ichimoku cloud – two fairly strong resistance levels. The 1.1600-1.1620 zone has become a key point, consistently showing rejection of upward movement, indicating insufficient buying pressure to break through. Current price behavior leans towards consolidation just below resistance, a pattern often seen before a continuation of the main trend. If it breaks below this sideways range, EURUSD is highly likely to accelerate its decline towards lower levels. In terms of news, the USD remains supported by the Fed's hawkish stance and its safe-haven role amidst geopolitical tensions. Conversely, the Euro is under pressure from energy prices and the ECB's caution, tilting the balance in favor of the USD. The main scenario remains a preference for selling around the 1.1580 – 1.1620 range, with targets towards 1.1470 and further to 1.1400. Only a decisive breakout above 1.1620 will invalidate the downtrend.