EURUSD - Price is falling according to the H1 trendline.EUR/USDOANDA:EURUSDMoon-ForexAcademy📈 1. Trend & Market Structure Current Trend: Bearish Pullback within a Short-Term Downtrend Based on the H1 chart: EUR/USD remains below the descending trendline and inside a bearish channel, confirming the short-term downtrend. Price has rebounded from the 1.1400 area and is now testing the key resistance at 1.1425–1.1440. EMA9 (~1.1415) is turning higher but remains below EMA89 (~1.1429), suggesting the current rebound is still technical. The Lower High – Lower Low structure remains intact, indicating sellers still control the market. RSI has recovered to around 48–49, showing selling pressure is easing but not enough to confirm a bullish reversal. 👉 Current Trend: Bearish Pullback. Selling near resistance remains the preferred strategy. 📍 2. Key Price Levels 🔴 Resistance 1.1425–1.1440 1.1460–1.1470 1.1490–1.1500 🔵 Support 1.1400–1.1405 1.1380 1.1360 📰 Key Economic Events for EUR/USD The following events may significantly impact EUR/USD in the short term: FOMC Meeting Minutes and speeches from Fed officials. US Initial Jobless Claims and other labor market data. US CPI/PPI inflation reports. ECB comments regarding future interest rate policy. US Treasury yields and the performance of the US Dollar Index (DXY). 👉 Outlook: Stronger-than-expected US data could strengthen the USD and push EUR/USD lower. Conversely, weaker US data or a more dovish Fed could trigger a breakout above the descending trendline and extend the recovery.