EURUSD Long: Rounded Bottom Signals Recovery Toward 1.1850Euro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. Price initially traded under a dominant descending trend line, where sellers consistently capped upside attempts and the market printed a sequence of lower highs, confirming bearish control. During this phase, several breakdowns below local support levels accelerated the decline and reinforced downside momentum. The selloff eventually slowed as price approached the rising demand trend line from below, which began to act as dynamic support and signaled the first signs of buyer interest returning to the market. From this base, EURUSD formed a rounded bottom structure, reflecting a gradual transition from distribution into accumulation. The recovery from this formation pushed price back toward the horizontal demand zone around 1.1810, which previously acted as resistance and now functions as a key structural pivot. Multiple breakout attempts around this level show that buyers are trying to establish acceptance above it, while sellers are still defending the broader descending trend line overhead. Currently, price is consolidating above the demand zone while holding the rising support line, suggesting that bullish pressure is slowly building. The recent breakout above the local resistance band indicates strengthening momentum, though the market still faces a major technical barrier at the descending trend line and the 1.1850 supply area above. This zone aligns with prior supply reactions and represents the next key objective for buyers. My primary bullish scenario remains valid while EURUSD holds above the 1.1810 demand zone and maintains structure above the rising support line. Continued acceptance above this level could drive price toward the 1.1850 supply area, where a reaction or temporary consolidation is likely. A confirmed breakout above that zone would signal a broader structural shift and open the path for further upside expansion. However, failure to hold above demand followed by a breakdown below the rising support line would weaken the bullish outlook and expose the market to a deeper corrective move. For now, the structure favors buyers while price remains supported above key demand. Manage your risk!