The EURUSD sellers are pressing their advantage with a break below the 1.1541–1.1546 support area — a zone that now turns into near-term resistance and defines risk for shorts.

On the downside, the pair is testing an older swing area from June through August between 1.1518 and 1.1529, with the low so far reaching 1.1522. A move below 1.1518 would confirm a deeper bearish extension and keep sellers firmly in control.

Bottom line: Sellers have the upper hand, and as long as the price stays below 1.1546, the path of least resistance remains to the downside.