EURUSD | Bearish Continuation After Supply Zone RejectionEuro vs. US DollarFX:EURUSDFrankAgboEURUSD has delivered a clean rejection from a well-defined **supply zone**, reinforcing the overall bearish market structure. After a strong impulsive decline, price retraced back into previous resistance where sellers stepped in once again, producing another rejection candle. The current structure continues to favor **lower highs and lower lows**, suggesting that bears remain in control unless price breaks and closes above the highlighted supply zone. ### 📊 Technical Analysis 🔹 **Trend:** Bearish (Lower Highs & Lower Lows) 🔹 **Timeframe:** 1H 🔹 **Setup:** Supply Zone Rejection 🔹 **Bias:** Sell ### 📍 Key Levels **Supply Zone:** 1.1435 – 1.1475 **Entry:** Around 1.1416 **Stop Loss:** Above 1.1476 **Take Profit:** 1.1315 ### 📈 Why I'm Bearish • Strong rejection from a previous supply zone. • Sellers defended resistance aggressively. • Market structure remains bearish. • Retracement appears complete. • Risk-to-reward remains attractive (approximately 1:2). • Momentum continues to favor downside continuation. ### 💡 Trade Management ✅ Wait for bearish confirmation before entering. ✅ Reduce risk if price starts consolidating near resistance. ✅ Consider moving Stop Loss to breakeven after price gains 40–50 pips. ✅ Scale out partial profits at intermediate support levels while leaving a portion to run toward the final target. ### ⚠️ Invalidation This bearish outlook becomes invalid if EURUSD closes decisively above the supply zone and begins forming higher highs and higher lows, signaling a potential trend reversal. --- **Summary:** EURUSD continues to respect the bearish trend after rejecting a major supply zone. As long as price remains below resistance, the path of least resistance favors further downside toward **1.1315**. Patience and proper risk management remain essential. --- **What do you think?** Do you expect EURUSD to continue lower, or will buyers reclaim the supply zone? 👍 Like • 💬 Share your analysis • 🚀 Follow for more Forex setups #EURUSD #Forex #PriceAction #SupplyAndDemand #TechnicalAnalysis #TradingView #ForexTrading #DayTrading #SwingTrading #SmartMoney #MarketStructure #SellSetup #RiskManagement #TradingIdeas