EUR/USD Extends Bearish Breakdown on USD StrengthEuro/US DollarFX:EURUSDFM-ForexMastermind1. Market News The EUR/USD exchange rate continues to trade at relatively low levels around the 1.1500 mark during Monday’s European session. Ongoing geopolitical tensions are putting pressure on the pair, while also reviving safe-haven demand for the US Dollar. 2. Technical Analysis a. Trend Structure • The market is clearly in a well-established downtrend • Price has just broken sharply below the consolidation zone around 1.1600–1.1640 • A strong sell-off has occurred, indicating accelerating bearish momentum • RSI has reached oversold territory and is showing a mild recovery • However, there are no signs of a trend reversal yet → this is mainly a technical rebound within a bearish trend b. Price Action • After the sharp decline, price is forming a small corrective bounce • This move is likely a pullback toward a supply zone before continuing lower Key levels: • Supply zone: 1.1520 – 1.1545 (near-term resistance) • Support zone: 1.1480 – 1.1460 (area likely to be retested) 3. Outlook The downtrend remains strongly intact as the US Dollar continues to outperform the Euro due to its safe-haven demand. EUR/USD is currently in a strong breakdown phase, and the current move is considered only a technical correction within the broader bearish trend. Wishing you a successful trading day.