EURUSD 4H — Bearish Channel Break into Key DemandEUR/USDOANDA:EURUSDGOLD_MARKET_EURUSD is showing a clear shift in short-term momentum after breaking below the descending channel. The chart also contains multiple market-structure confirmations, including previous BOS levels, a visible demand FVG, and a broader demand zone below current price. Market structure The earlier bullish move created a sequence of higher highs and higher lows, supported by multiple bullish breaks of structure. However, after reaching the upper area, price entered a descending corrective channel. The important development is the strong bearish displacement below the channel, which suggests that short-term sellers have gained momentum. Price is now approaching a key reaction area around the 1.1548–1.1556 demand FVG. Key levels to watch 🔴 Supply zone: approximately 1.1688–1.1708 This area aligns with the previous upper supply region and nearby buy-side liquidity. A sustained move above this zone would weaken the broader bearish scenario. 🟦 Demand FVG: approximately 1.1548–1.1556 Price is currently approaching this imbalance. A strong bullish reaction and reclaim of nearby structure could indicate that buyers are defending the area. 🟢 Main demand zone: approximately 1.1500–1.1518 If the FVG fails to hold, this lower demand area becomes the next important region to monitor for potential price reaction. ⚫ Sell-side liquidity: around 1.1455–1.1460 A deeper bearish continuation could eventually expose the liquidity resting below the previous swing lows. Possible scenarios Bearish continuation: If price remains below the broken channel and fails to reclaim nearby resistance, the current bearish momentum may continue toward the demand FVG, followed by the broader demand zone. Bullish reaction: If price reaches the demand/FVG area and shows clear rejection with a bullish market-structure shift, a corrective move higher could develop. Confirmation would be more important than anticipating the reversal. Trading perspective The current 4H bias is short-term bearish, but price is approaching a significant demand area. For that reason, the key focus is whether sellers can continue the displacement or whether buyers create a confirmed reaction from demand. This analysis is for educational and market-discussion purposes only. Price can move in either direction, so risk management and confirmation remain essential