EURUSD Rejected From 1.1610 Resistance — Correction Ahead?Euro / U.S. DollarFOREXCOM:EURUSDLegionQ8Hello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD previously traded inside a descending channel before breaking above the resistance line and shifting bullish. Price then formed an ascending structure and rallied toward the 1.1610 Seller Zone, where sellers stepped in and rejected the move. Currently, EURUSD is trading below the 1.1610 Seller Zone while holding above the 1.1560 Buyer Zone and the ascending support line. The latest rejection from resistance suggests that a short-term bearish correction may develop. As long as EURUSD remains below the 1.1610 Seller Zone and respects the resistance line, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1560 Buyer Zone (TP1). However, a breakout above 1.1610 would weaken the bearish outlook and increase the risk of further upside. Please share this idea with your friends and click "Boost" 🚀