EURUSD 30M | Bearish Structure Confirmed Euro vs. US DollarFX:EURUSDMonolith-TradesEURUSD EURUSD is currently showing a bearish market structure on the 30-minute timeframe following a strong rejection from the major resistance zone around 1.1260–1.1273. After previously establishing bullish momentum, the market failed to sustain its upward movement and experienced significant selling pressure. The recent decline has pushed price below several important structural levels, suggesting that sellers are gaining control of the short-term market direction. Market Overview Looking at the chart, EURUSD previously developed a bullish structure supported by higher lows and bullish breaks of structure (BOS). However, after approaching the upper resistance zone and ascending trend line, price faced strong rejection. The subsequent bearish movement indicates a potential shift in market sentiment from bullish continuation toward bearish dominance. Price has now declined toward the 1.1130–1.1140 region, where a temporary recovery or consolidation may develop before another directional move. The highlighted resistance around 1.1158–1.1163 represents an important area to monitor for potential bearish continuation. Key Scenarios Bearish Scenario – Preferred Outlook The primary expectation is for EURUSD to experience a short-term corrective pullback toward the highlighted resistance zone before potentially continuing its bearish movement. Bullish Scenario – Alternative Outlook If EURUSD successfully reclaims the 1.1163 resistance region and establishes sustained bullish momentum above it, the immediate bearish continuation scenario would weaken. Under these conditions, price could attempt a recovery toward 1.1180–1.1200, with further upside depending on subsequent market structure. A sustained recovery above resistance would require reassessing the short-term bearish outlook. Important Technical Levels - Major Resistance: 1.1260–1.1273 - Immediate Resistance: 1.1158–1.1163 - Current Price on Chart: 1.11368 - Intermediate Support: 1.1105 - Primary Bearish Target: 1.1090 Final Market Outlook EURUSD remains under bearish pressure on the 30-minute timeframe following its rejection from higher resistance and the breakdown of previously established bullish structure. The highlighted resistance zone will be important in determining whether the market continues its downward movement or begins a stronger recovery. As long as sellers defend the immediate resistance region, a continuation toward 1.1105 and potentially 1.1090 remains a reasonable technical scenario. However, traders should wait for price confirmation rather than assuming that the projected pullback and decline will occur exactly as illustrated. Disclaimer: This analysis is provided for educational purposes only and does not constitute financial advice. Always use appropriate risk management and independent confirmation before making trading decisions.