EURUSDEuro / U.S. DollarFOREXCOM:EURUSDHAMED_AZHello Traders! 👋 What are your thoughts on EURUSD? EURUSD has broken decisively below the key support zone between 1.1450 and 1.1530, confirming a bearish continuation within the broader descending channel structure. This area had previously acted as a significant demand zone, but the recent breakdown signals increasing downside momentum and reinforces the prevailing bearish trend. The former support is now expected to serve as a strong resistance zone on any corrective rebound. As long as price remains below the 1.1450–1.1530 resistance region, sellers are likely to stay in control. The next major downside target is located around 1.1146, which corresponds to the 50% Fibonacci retracement level and aligns closely with the lower boundary of the descending channel, creating a strong confluence support area. While a short-term pullback toward the broken support zone remains possible, the overall outlook stays bearish unless buyers manage to reclaim and hold above this key resistance area. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️