EURUSD 4HEUR/USDOANDA:EURUSDamir9Price is trading inside an ascending channel but has repeatedly failed to break above the key resistance zone around 1.1700. Recent wicks above this level indicate liquidity grabs with no continuation. As long as the pair holds below the midline of the channel, bearish momentum could dominate. A confirmed break below 1.1620 may trigger a deeper drop toward 1.1500 – 1.1450, aligning with liquidity targets and previous demand zones. On the upside, only a strong close above 1.1720 would invalidate this bearish scenario.