EUR/USD Retests Support While Trading Below Trendline Resistance

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EUR/USD Retests Support While Trading Below Trendline ResistanceEuro vs. US DollarFX:EURUSDjimmy-trader1EUR/USD remains within a broader bearish structure as price continues to trade beneath the descending trendline that has guided the recent decline. Although buyers attempted to recover earlier, the rally stalled below resistance, allowing sellers to regain short-term control. The current price action is developing near an important support area, where a temporary rebound could occur before the next directional move. The illustrated scenario reflects a possible corrective bounce toward nearby resistance, followed by renewed selling pressure if the descending trendline continues to hold. For the short-term outlook, reactions around both the support zone and the descending resistance will be important. A sustained move above trendline resistance would improve the technical structure, while rejection could keep the broader bearish trend intact. Key Support 1.1365 1.1360 1.1350 Key Resistance 1.1380 1.1390 1.1405 Potential Targets 🎯 Target 1: 1.1380 (corrective recovery) 🎯 Target 2: 1.1360 🎯 Target 3: 1.1350