EURUSD Short: Rejected at Major Trendline, Bears Target 1.1630Euro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded below a long-term descending trendline and formed a rounding top pattern after rejecting from a major pivot high. Currently, EURUSD is trading above the 1.1630 demand zone while remaining below the 1.1670 supply zone, which continues to act as the key resistance area. Price recently retested the descending trendline near a pivot point and faced another rejection, signaling that sellers remain active despite the recovery from support. As long as EURUSD remains below the 1.1670 supply zone and continues to respect the descending trendline resistance, the bearish scenario remains valid. A continuation lower could push price toward the 1.1630 demand zone (TP1). Manage your risk!