EUR/USD Under Pressure – Downtrend Still in PlayEUR/USDOANDA:EURUSDAbout_YouEURUSD is showing a mild rebound today, currently hovering around 1.151. However, the upside appears limited as escalating geopolitical tensions continue to favor the U.S. dollar, acting as a headwind for any sustained recovery in the pair. From a technical perspective, the recent bounce was triggered after price found support near the 1.148 level, as highlighted on the chart. That said, bearish momentum hasn’t shown any meaningful signs of fading. The pair remains trapped within a tight wedge formation, suggesting that further downside pressure is still very much on the table. If selling resumes, the first area to watch will be the lower boundary of the pattern, followed by a deeper support zone around 1.145. In my view, EUR/USD is likely to extend its decline in the near term — but what’s your take?