EURUSD Reversal structure starts to build after channel breakoutEuro/US DollarFX:EURUSDKelly_Koou_GoldEURUSD (H1)— Reversal structure starts to build after channel breakout EURUSD is starting to shift out of its short-term bearish flow after breaking above the descending channel on H1. That breakout does not confirm a full reversal yet, but it does suggest the sell-side pressure is weakening and the market is beginning to build a recovery structure. Technical On H1, the key change is the break above the falling channel that had been controlling the decline. After the breakout, price held above the first retest area and continued to trade with a firmer tone, which is usually an early sign that the market is transitioning away from pure bearish control. The chart now shows two main support zones for any pullback: short-term buy zone around 1.148x deeper buy zone around 1.145x As long as price stays above these areas, the recovery structure remains valid on H1. The upside zone to watch sits around 1.160x–1.161x, which is the next major resistance if buyers keep control. What matters next For Kelly, the reversal idea stays constructive only if EURUSD continues to hold above the broken channel and defends pullbacks cleanly. If price retraces into 1.148x and responds well, buyers may still have room to extend the rebound. If the pullback goes deeper, then 1.145x becomes the more important structural support for keeping the reversal scenario alive. Kelly’s read This is no longer a clean H1 downtrend. The channel breakout and the higher recovery from support suggest EURUSD is trying to rotate into a short-term bullish structure. Still, Kelly would rather see buyers defend a pullback than chase price at current levels. The cleaner setup comes from confirmation at support, not from buying into strength. Conclusion On H1, EURUSD is showing early reversal behavior after breaking out of the descending channel and holding above its first recovery zones. If buyers continue to defend 1.148x–1.145x, the pair has room to push toward 1.160x next. For now, the reversal is forming — and the next pullback will be the real test.