EURUSD: Downtrend Continues as Channel Resistance HoldsEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a broad consolidation range after breaking below a major downward channel. Following a temporary recovery, price formed a rounding top pattern near resistance, signaling weakening bullish momentum and a potential trend reversal. Currently, EURUSD is trading below the 1.1450 Resistance Zone while holding above the 1.1370 Support Zone. A recent breakout below the consolidation structure triggered a new bearish leg, and price continues to move inside a well-defined descending channel, confirming that sellers remain in control. My Scenario & Strategy As long as EURUSD remains below the 1.1450 Resistance Zone and continues to respect the descending channel structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1370 Support Zone (TP1). However, if EURUSD breaks above the resistance zone and exits the channel to the upside, the bearish outlook would weaken and a deeper recovery could develop. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.