EUR/USD Approaching a Decision Zone | Watching Trendline and SupEUR/USDOANDA:EURUSDMrgoldtrade2EUR/USD is consolidating near an important support level after an extended decline from the recent swing high. The descending trendline continues to act as dynamic resistance, limiting bullish momentum and maintaining the current bearish market structure. The projected path reflects one possible technical scenario where price attempts a short-term recovery before sellers regain control and guide the market toward lower support levels. This outlook is based on the current chart structure and should be confirmed by future price action. If buyers establish a sustained move above the descending trendline, the short-term outlook would improve and attention could shift toward the next resistance levels. Technical Levels Resistance Zone 1.1378 1.1390 1.1405 Support Zone 1.1365 1.1355 1.1338 Potential Price Objectives Initial objective: 1.1365 Second objective: 1.1355 Final objective: 1.1338 Market Structure: Lower highs beneath descending resistance continue to define the current technical picture.