EURUSD 1D:Bearish ChannelRetst, Is Price Heading Back to Demand?Euro vs. US DollarFX:EURUSDbenjamin06EURUSD is currently trading within a descending channel, with price recently rejecting the upper part of the channel. What I'm Seeing: The higher-timeframe structure remains bearish. Price has rallied back toward the upper channel resistance. A bearish reaction is now developing. I have marked a demand/POI around 1.1370–1.1400. Why It Matters: If the bearish structure holds, this could be another continuation move toward the lower part of the channel. The 1.1370–1.1400 zone is important because it could act as the next reaction area. What I Expect Next My primary scenario is: Bearish rejection → move toward 1.1370–1.1400 → reaction from POI. If price breaks below that zone with strong momentum, I will look for continuation toward the lower channel area. If price instead breaks and holds above the descending channel, I'll reassess the bearish bias. For now, I remain bearish and will wait for price action to confirm the next move. #EURUSD #Forex #PriceAction #SupplyAndDemand #TradingView