EURUSD Short: Bearish Structure Eyes 1.15200 Demand Zone

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EURUSD Short: Bearish Structure Eyes 1.15200 Demand ZoneEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside a descending channel and reached a major pivot point near the lower boundary. After breaking above the channel resistance, price formed a new consolidation structure between the supply and demand lines. Currently, EURUSD is trading below the 1.15800 supply zone while holding above the 1.15200 demand zone. Following a strong bearish breakout below the demand line, price found support near the demand zone and is attempting a short-term recovery. As long as EURUSD remains below the 1.15800 supply zone and continues to respect the bearish market structure, the bearish scenario remains valid. A rejection from current levels could push price back toward the 1.15200 demand zone (TP1). Manage your risk!