EURUSD – Support Tested, More Downside Possible 📉

[m_c_jacob]

In my previous EURUSD analysis, I mentioned that there was a strong chance of a break below the 1.17 support zone, targeting 1.16 initially — and possibly even lower to 1.15.

The pair followed the plan perfectly, dropping to 1.16 as expected and currently trading just above this key level.

My outlook remains unchanged: while a short-term rebound from support is possible, it should be seen as a selling opportunity, not a trend reversal. The broader structure still favors further downside.

Resistance: 1.17
Bias: Bearish continuation remains likely