EURUSD: Breakdown Confirmed – Support Becomes the Next TargetEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD has been trading inside a well-defined downward channel, where sellers continue to maintain control through a sequence of lower highs and lower lows. After breaking below a previous support area, price attempted several recoveries, but each rally was rejected near channel resistance, confirming the bearish trend. Currently, EURUSD is trading below the 1.1490 Resistance Zone while holding above the 1.1410 Support Zone. A recent breakout below a short-term consolidation structure accelerated selling pressure, and the latest rebound appears to be a corrective retest of former support, now acting as resistance. My Scenario & Strategy As long as EURUSD remains below the 1.1490 Resistance Zone and continues to respect the downward channel structure, the bearish scenario remains valid. A rejection from current levels could push price toward the 1.1410 Support Zone (TP1). However, if EURUSD breaks above the resistance zone and exits the channel to the upside, the bearish outlook would weaken and a larger recovery could develop. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.