EURUSD: The 1.1230 Barrier Continues to Define Market ConditionsEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a downward channel and wedge structure before testing the Resistance Zone near 1.1230. Price then faced multiple rejections and fake breakouts, confirming the bearish bias. Currently, EURUSD is trading below the 1.1230 Resistance Zone while holding above the 1.1140 Support Zone. The recent rejection and overall descending structure suggest sellers may attempt another move lower. My Scenario & Strategy As long as EURUSD remains below the 1.1230 Resistance Zone, the bearish scenario remains valid. A continuation lower could push price toward the 1.1140 Support Zone (TP1). However, a breakout and close above 1.1230 would weaken the bearish outlook and increase the possibility of further upside. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.