EURUSD Short: Continuation Down After Retest, Downside To 1.1330

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EURUSD Short: Continuation Down After Retest, Downside To 1.1330Euro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded inside an ascending channel before breaking below channel support and a long-term descending trendline, signaling a shift in momentum. Following a brief consolidation range, sellers regained control and pushed the pair to fresh lows. Currently, price is trading above the 1.1330 Demand Zone while remaining below the 1.1440 Supply Zone. A recent rebound from the demand area shows buyers attempting a recovery, though the broader structure remains bearish as price stays beneath the broken trendline. As long as the EURUSD pair holds below the 1.1440 supply zone, the pullback scenario remains valid. A bearish rejection in this area would offer a high probability opportunity for a short-term position to take advantage of the dominant downtrend, targeting the 1.1330 demand zone as TP1. Manage your risk!