EURUSD H4: Uptrend Under Pressure Test

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EURUSD H4: Uptrend Under Pressure TestEUR/USDOANDA:EURUSDAmelia-JonesEURUSD has made a strong breakout from the descending channel and quickly approached the resistance zone around 1.1520. After the sharp rally, the price is showing signs of slowing down as it enters the supply area, increasing the possibility of a short-term correction to retest the support zone at 1.1440–1.1450. If this area continues to hold, the bullish trend could resume with the target of challenging the recently established high. Entry Point: Consider buying if the price pulls back to the 1.1440–1.1450 zone and shows bullish confirmation signals. The bullish scenario will become invalid if EURUSD breaks below the 1.1440 support zone and closes beneath it. This scenario only reflects a personal market assessment. Please make trading decisions based on your own analysis.