EURUSD: Downward Structure Points to a Possible Support RetestEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a clear downward channel before breaking lower and entering a range near the Resistance Zone. Price then tested the 1.1270 Resistance Zone with a breakout attempt and was firmly rejected by sellers, confirming the ongoing bearish bias. Currently, EURUSD is trading below the 1.1270 Resistance Zone while holding above the 1.1150 Support Zone. The recent rejection, fake breakout at support, and overall descending structure suggest sellers may attempt another move lower. My Scenario & Strategy As long as EURUSD remains below the 1.1270 Resistance Zone, the bearish scenario remains valid. A continuation lower could push price toward the 1.1150 Support Zone (TP1). However, a breakout and close above 1.1270 would weaken the bearish outlook and increase the possibility of further upside. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.