EURUSD Rejection from Trendline Keeps Bears in Control

EURUSD initially formed a range after a prior uptrend, then broke below an ascending support line, signaling a shift in momentum. Following the breakdown, price continued to trade under a descending trend line, confirming growing bearish pressure. Currently, price is trading below the 1.1580 resistance (seller zone) and reacting near the 1.1470 support (buyer zone). The market also formed a lower high after rejecting the descending trend line, reinforcing the bearish structure. As long as EURUSD remains below the 1.1580 resistance and respects the descending trend line, the bearish bias remains valid. A continuation lower could push price toward the 1.1470 support (TP1), which is the next downside target. Please share this idea with your friends and click Boost 🚀