EUR/USD 2H — Bearish Rejection & Potential Downside📊 EUR/USD 2H — Bearish Rejection & Potential Downside 🐻📉
The EUR/USD 2H chart is showing an interesting technical structure after the previous bullish move. Price is now trading around 1.1629 and appears to be approaching a major resistance/supply zone, while the broader short-term structure is still respecting a descending trendline.
🔹 Market Structure
After the strong bullish expansion from the 1.1560 area, EUR/USD pushed toward the 1.1710 resistance and was rejected. Since that rejection, price has been forming a sequence of lower highs and lower lows, creating a short-term downward structure.
The descending trendline shown on the chart continues to act as dynamic resistance.
🟥 Major Resistance / Supply Zone
The key area to watch is approximately:
1.1660 – 1.1675
This zone has already produced selling pressure and sits close to the descending trendline. If price moves into this area and prints a strong bearish rejection, it could provide confirmation for another downside leg.
Above this zone, the next major resistance is around:
1.1710
A sustained break above this level would significantly weaken the bearish setup.
🟦 Order Block & Support
The chart also highlights an important order-block area around 1.1575–1.1600.
This region is important because previous buying pressure originated from this area. If sellers regain control from the current resistance zone, this order block could become the next major area of interest.
Below it, the broader support is around:
1.1560
🐻 Bearish Scenario
The preferred bearish idea is to wait for price to enter the 1.1660–1.1675 supply zone and then look for confirmation such as:
Bearish rejection
Failure to break the supply zone
Lower-timeframe bearish structure
Strong selling momentum
If confirmed, the potential downside path could be:
1.1660–1.1675 → 1.1600 → 1.1575 → 1.1560
🐂 Bullish Invalidation
The bearish idea should not be treated as confirmed while price is still below the resistance zone.
If EUR/USD breaks above 1.1675 and holds, the selling setup becomes weaker. A stronger bullish breakout above the descending trendline could open the way toward 1.1710 resistance.
🎯 Key Levels
Resistance: 1.1660–1.1675
Major Resistance: 1.1710
Current Price: ~1.1629
Order Block: 1.1575–1.1600
Support: ~1.1560
🧠 Trading Idea
The main focus is the reaction around 1.1660–1.1675. Rather than assuming an immediate sell, waiting for price-action confirmation inside the supply zone can provide a more structured approach.
📌 Educational market analysis — not financial advice.
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