EURUSD Still Bullish — But Momentum Is FadingEUR/USDOANDA:EURUSDAyabellEURUSD Price is still trading within a broader ascending channel, but recent price action suggests the market is undergoing a deeper corrective phase. After an extended rally, price appears to have overextended and is now pulling back more aggressively. This correction aligns with expectations of a healthy retracement following such a strong bullish move. The downside is likely to continue toward the 1.1700 level — a key technical area defined by the confluence of horizontal support and the ascending trendline from the most recent bullish leg. This zone will be critical in determining whether the broader bullish structure remains intact. If price holds and shows signs of reversal here, it could present a strong re-entry opportunity for buyers. However, a decisive break below this level would invalidate the current bullish structure and open the door for a deeper correction. Always confirm your setups and trade with proper risk management. Good luck!