EURUSD Short: Faced Resistance at 1.1710 — Correction To 1.1640Euro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD previously traded inside a range before breaking higher and forming an ascending channel. Price then moved toward the 1.1710 Supply Zone, where sellers rejected the upside. Currently, EURUSD is trading below 1.1710 while holding above the 1.1640 Demand Zone and channel support. The rejection suggests a possible short-term correction. As long as EURUSD remains below the 1.1710 Supply Zone and respects the upper structure of the ascending channel, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1640 Demand Zone (TP1). However, a breakout and close above 1.1710 would weaken the bearish outlook and increase the possibility of further upside. Manage your risk!