EUR/USD: Bearish Trend Continuation & Supply Zone RejectionEUR/USDOANDA:EURUSDNato_FinancialsMacro Context The U.S. Dollar continues to assert its dominance, supported by the Federal Reserve's recent rate hike to the 3.75%–4.00% range in September 2026. Although the European Central Bank (ECB) also raised its deposit rate to 2.50%, the substantial interest rate differential firmly favors the greenback. Combined with mounting stagflation risks and fragile growth in the Eurozone, macroeconomic capital flows remain heavily tilted against the Euro. Technical Confluence Market Structure: The pair is in a clear, aggressive downtrend, consistently printing Lower Lows (LL) and Lower Highs (LH) following multiple Breaks of Structure (BOS) to the downside. Supply Zone Retest: Price has pulled back cleanly into a freshly established supply block near the 1.1255 region, facing immediate rejection as previous support flips to resistance. Dynamic Resistance: The moving average bands remain crossed bearishly and are tracking above the price action, actively capping the recent relief bounce. Bearish Momentum: The RSI sits at 46.73, safely below the 50 mid-line, confirming that sellers maintain structural control and the recent pullback merely reset momentum for the next impulse leg. Trade Execution Direction: Short Entry Region: ~1.1252 Take Profit (TP): ~1.1220 (Targeting the next downside liquidity pool) Stop Loss (SL): ~1.1268 (Securely above the supply block invalidation level) Risk/Reward: 1:2