EURUSD Ascending Channel Breakout Setup Toward 1.1810

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EURUSD Ascending Channel Breakout Setup Toward 1.1810EUR/USDOANDA:EURUSDGold_Market_MindMarket Structure Overview Price is respecting a well-defined ascending channel. Higher lows are forming along dynamic trendline support. Recent pullback tapped into the 1.1772–1.1780 support zone, aligning with Supertrend and prior structure. Price is now compressing below horizontal resistance near 1.1800–1.1810. Key Levels Resistance / Target Zone: 1.1808 – 1.1810 Previous swing high liquidity. Psychological 1.1800 level just below. Break above opens continuation toward upper channel boundary. Entry Zone: 1.1785 – 1.1788 Mid-range support. Above structural higher low. Support Zone: 1.1772 – 1.1778 Demand + trendline confluence. Holding this zone maintains bullish bias. Invalidation / Stop Loss: Below 1.1768 Break below would shift short-term structure bearish. Bullish Scenario If price: Holds above 1.1775 Breaks and closes above 1.1800 → Expect continuation toward 1.1808–1.1815 and possibly upper channel expansion. Bearish Scenario If price: Breaks below 1.1770 → Likely pullback toward 1.1750–1.1745 (channel base retest). Overall Bias Short-term bullish continuation setup while price remains inside the ascending channel and above 1.1770 support.