EURUSD: Price Holds Channel Support, Aiming for 1.1680Euro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD remains in a broader bullish structure, with recent price action developing inside a well-defined ascending channel. After a strong impulsive rally, the pair broke above the previous consolidation zone and confirmed the breakout with a successful retest of the 1.16100 support zone, which now acts as a key demand area. The market then continued higher, forming higher highs and higher lows along the channel structure. Currently, price is consolidating below the 1.16800 resistance zone, which represents a major supply area and the upper boundary of the current bullish leg. Despite short-term consolidation, buyers continue to defend the support zone, keeping bullish pressure intact. My Scenario & Strategy My scenario remains bullish as long as EURUSD holds above the 1.16100–1.16200 support zone and respects the ascending channel structure. I expect the price to continue pressing toward the 1.16800 resistance, which is the next major target for buyers. A clean and sustained breakout above this resistance would open the way for further upside continuation and new highs. However, if price fails to break the resistance and shows strong rejection, a short-term pullback toward the mid-channel or back into the support zone is possible. Still, the overall bullish structure remains valid as long as the lower channel boundary holds. For now, the market supports a long bias, with the main objective being a retest of the 1.16800 resistance zone. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.