EURUSD Short: Supply Zone Rejection Targets 1.1530 Demand ZoneEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (4H) chart structure. EURUSD previously traded inside a descending channel before breaking higher into a range and moving toward the 1.1630 Supply Zone, where sellers rejected the upside. Price then broke lower within the descending channel, shifting the short-term structure bearish. Currently, EURUSD is trading below the 1.1630 Supply Zone after the recent rejection. The descending channel and Supply Zone rejection suggest further downside toward the 1.1530 Demand Zone. As long as EURUSD remains below 1.1630 and fails to break above the descending channel, the bearish scenario remains valid. A continuation lower could push price toward 1.1530 (TP1). However, a breakout above 1.1630 would weaken the bearish outlook. Manage your risk!