EURUSD seems weakEuro vs. US DollarFX:EURUSDmelikatrader94HI! The EUR/USD is locked in a clean descending channel below the 100 SMA, confirming a strong bearish trend. The Structure: The confluence of the descending channel breakout and the 100 SMA break confirms that the bears have completely taken the wheel. The DP Reaction: The fact that the price tapped that DP area and immediately fell back down shows a clear lack of buying pressure. Instead of a bounce, it's a rejection. The path of least resistance is down, and using that 1.14200 - 1.14500 support area as the ultimate magnet for this move is spot on. It's a clean, high-probability trend continuation setup. I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!