EURUSD Rebounds From Demand, Faces Major Decision ZoneEuro / U.S. DollarFOREXCOM:EURUSDLegionQ8Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. Price previously advanced after a strong bullish impulse, breaking above a prior resistance area and establishing a short-term uptrend. Following this breakout, the market entered a consolidation phase, forming a horizontal range that reflected temporary balance between buyers and sellers. This range later resolved to the downside, and price transitioned into a descending channel where sellers regained control and the structure shifted toward lower highs and gradual downside pressure. During this bearish phase, multiple attempts to recover were capped by the falling resistance line, confirming that supply remained dominant. The decline eventually slowed as price approached the highlighted Buyer Zone, which aligns with a strong historical support area and the lower boundary of the channel. From this demand zone, EURUSD produced a rebound and attempted to reclaim the mid-range resistance around 1.1780, signaling that buyers were stepping back into the market. Currently, price is trading near the channel resistance while testing the former breakout level, which now acts as a key pivot zone. The market structure suggests that this area is critical for short-term direction: acceptance above it would indicate strengthening bullish momentum, while failure to hold could reinforce the broader descending structure. The reaction from this level will likely determine whether the recent bounce evolves into a deeper recovery or remains a corrective move within the downtrend. My primary scenario favors a cautious bullish recovery while price holds above the buyer zone and channel support. A confirmed move back above the 1.1780 resistance level could open the path toward the upper channel boundary and prior supply area. However, if price fails to maintain support and breaks below the buyer zone, bearish continuation would become more likely, exposing lower demand levels and reinforcing the descending trend. For now, the market remains at a decision point between recovery and continuation, so confirmation is key. Please share this idea with your friends and click Boost 🚀