EUR/USD – H2 – Bearish Rejection & Support Breakdown SetupEUR/USDOANDA:EURUSDDOCTOR_PIPS_007UR/USD – H2 – Bearish Rejection & Support Breakdown Setup EUR/USD is showing signs of weakening after facing rejection from the 1.1580–1.1598 resistance zone. Price has moved below the previously rising trendline and is now consolidating around the 1.1535 area, while the Ichimoku Cloud is acting as overhead resistance. This indicates that short-term bullish momentum is losing strength and sellers are attempting to gain control. If price remains below the broken trendline and fails to reclaim the resistance area, further downside movement could develop. A confirmed bearish continuation could push EUR/USD toward the first support at 1.1432, while a sustained breakdown below this level may expose the second support around 1.1428. If the Bearish Structure Holds 🔴 1st Support: 1.14320 🔴 2nd Support: 1.14283 🟢 Resistance Zone: 1.15800 – 1.15983 Market Structure Insight The loss of the ascending trendline, combined with rejection from the upper resistance zone and resistance from the Ichimoku Cloud, favors a bearish continuation setup. A strong reclaim above 1.15983 would weaken this bearish outlook. ⚠️ Disclaimer: This analysis is for educational purposes only. Always wait for confirmation before entering a trade and apply proper risk management.