EURUSD Short: Sellers Target 1.1530 After Rejecting Major Supply

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EURUSD Short: Sellers Target 1.1530 After Rejecting Major SupplyEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded inside successive ascending channels before breaking below support at major pivot points, signaling a shift in momentum. After a brief consolidation, sellers regained control and extended the decline. Currently, EURUSD is trading below the 1.15900 Supply Zone while approaching the 1.15300 Demand Zone. The recent breakdown below the previous channel support confirms that bearish pressure remains dominant, while the latest rebound looks corrective. As long as EURUSD stays below the 1.15900 Supply Zone, the bearish scenario remains valid. A rejection from current levels could drive price toward the 1.15300 Demand Zone (TP1). Manage your risk!