EURUSD - Descending Channel in PlayEUR/USDOANDA:EURUSDfahimsafdar777Timeframe: 1H Pair: EUR/USD Chart Overview The pair is currently trading within a descending channel, forming consistent lower highs (LH) and lower lows (LL). Resistance: Clearly marked at the upper trendline. Support: Holding at the lower trendline. RSI: Showing a bullish divergence on the latest LL, suggesting potential short-term momentum shift. Key Points Price action respects the channel structure. Any rejection from the resistance trendline could lead to a continuation towards support. A breakout above resistance (channel top) with volume could open room for a bullish correction. RSI divergence is worth monitoring closely as it may indicate early signs of weakening bearish momentum. Trading Plan (Not Financial Advice) Bearish Scenario: Look for short opportunities on rejection from resistance. Bullish Scenario: Watch for breakout and close above the channel for possible long entries. 📊 Bias remains bearish until a confirmed breakout occurs.