EURUSD Short: Could Drop Toward 1.1650 Demand ZoneEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside an ascending channel. After reaching a pivot point and rejection from this area, price reversed and entered a descending channel. Currently, EURUSD is trading below the 1.1750 supply zone while moving inside the descending channel structure. Multiple rejections from the resistance area, indicate that sellers remain in control. Price is now approaching the 1.1650 demand zone, which acts as the next key support area. As long as EURUSD remains below the 1.1750 resistance level and respects the descending channel resistance, the bearish scenario remains valid. A continuation lower could push price toward the 1.1650 support zone (TP1). Manage your risk!