EUR/USD Bearish Continuation Inside Descending Channel
This is a EUR/USD 2-hour chart showing price action moving inside a descending channel, suggesting a short-term bearish structure. Price recently rejected from a clearly marked resistance zone near the upper boundary of the channel and is now consolidating below it.
Key horizontal levels are highlighted around 1.1754 and 1.1726, acting as interim support targets. The chart also marks a lower demand zone near the 1.1700 area, which could be a potential reaction point if bearish momentum continues.
The projected arrows indicate a continuation move to the downside, aligning with the overall channel trend and lower highs/lows structure.