EURUSD: Rebounds From Support – Upward Channel Points to UpsideEuro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a range, showing consolidation before a breakdown that confirmed bearish pressure. After the drop, price continued lower within a descending channel. Later, the market found a bottom and reversed, breaking out of the channel and shifting into a bullish structure with higher lows. Currently, price is trading within an ascending channel, holding above the 1.1660 support zone while approaching the 1.1750 resistance zone. A recent pullback from resistance shows some selling pressure, while the trendline continues to act as dynamic support. My Scenario & Strategy As long as EURUSD holds above the 1.1660 support and respects the ascending channel, the bullish scenario remains valid. A bounce from support could push price toward the 1.1750 resistance (TP1). However, if price breaks below 1.1660 and loses the channel structure, the bullish setup would weaken, opening the door for a deeper correction. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.