EURUSD: Pullback To 1.1610 Support After Resistance RejectionEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a range before breaking above the descending channel and shifting bullish. Price then formed an upward channel and moved higher toward the 1.1660 Resistance Zone, where sellers rejected the upside. Currently, EURUSD is trading below the 1.1660 Resistance Zone while holding above the 1.1610 Support Zone and ascending channel support. The recent rejection suggests that a short-term bearish correction may develop. My Scenario & Strategy As long as EURUSD remains below the 1.1660 Resistance Zone and respects the current resistance structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1610 Support Zone (TP1). However, a breakout and close above 1.1660 would weaken the bearish outlook and increase the risk of further upside. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.