EUR/USD | 1H — Descending Channel & Market StructureEUR/USDOANDA:EURUSDFOREX_PROFESSOR01EUR/USD is currently moving within a descending channel, indicating short-term bearish pressure. Price has reacted to both channel boundaries several times, while the recent downside break in market structure (BOS) suggests that sellers remain relevant. A short-term corrective bounce toward the channel's midline or nearby resistance is possible. However, if price faces rejection in that area, the lower channel boundary could become a potential area of interest. A sustained move above the channel's upper boundary would require reassessment of the bearish structure. RSI (14) is around 46, below the neutral 50 level, reflecting relatively weak momentum. The indicator is recovering from lower levels, so a temporary bounce remains possible. Price action and candle closes will be important for confirmation. This analysis is based on the current 1H chart and is for educational purposes only. Market conditions can change. 2. Indicator Explanation - Descending Channel: Lower highs and lower lows indicate a bearish structure. - BOS (Break of Structure): Highlights a break below a previous short-term structural level, suggesting selling pressure. - RSI (14): Around 46.29, below 50, indicating relatively weak momentum but not an extreme oversold condition. - Green Path: Illustrates a possible corrective bounce toward the channel's midline. - Red Arrow: Illustrates a possible bearish continuation if resistance holds; this scenario is not confirmed