EURUSD Short: Descending Channel Points Toward 1.1330 DemandEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD previously traded inside an ascending channel before breaking below the lower boundary, confirming a bearish shift. After losing the 1.1400 Supply Zone, price formed a descending channel. A recent fake breakout above channel resistance failed, allowing sellers to regain control. Currently, EURUSD is trading below the 1.1400 Supply Zone while respecting the descending channel. The latest rejection from resistance keeps bearish momentum intact. As long as EURUSD remains below the 1.1400 Supply Zone and inside the descending channel, the bearish scenario remains valid. A continuation lower could push price toward the 1.1330 Demand Zone (TP1). Manage your risk!