EURUSD: Rejection Below 1.1640 Opens Path Toward 1.1580Euro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a downward channel before breaking above the structure and shifting bullish. Price then formed a range and rallied toward the 1.1640 Resistance Zone, where sellers rejected the upside. Currently, EURUSD is trading below the 1.1640 Resistance Zone while holding above the 1.1580 Support Zone and Triangle Support Line. The recent rejection from resistance suggests a possible short-term bearish continuation toward support. My Scenario & Strategy As long as EURUSD remains below the 1.1640 Resistance Zone and respects the current resistance structure, the bearish scenario remains valid. A continuation lower could push price toward the 1.1580 Support Zone (TP1). However, a breakout and close above 1.1640 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.