EURUSD: Buyers Are Defending the ChannelEUR/USDOANDA:EURUSDRober_PulseHello, I’m Rober. EURUSD is pulling back toward the lower boundary of its ascending channel around 1.1530–1.1540. The broader structure is still bullish, but buyers now need to show a clear reaction from this area to keep the higher-low pattern intact. Fundamentally, the picture remains mixed. Weak U.S. labor data has reduced expectations for another Fed hike, limiting the dollar’s upside. At the same time, traders are waiting for U.S. CPI and PPI, which could quickly increase volatility and decide the next short-term move. The key zone for me is 1.1530–1.1540. If buyers defend it and price recovers above 1.1550–1.1560, EURUSD could continue toward 1.1595. If the channel breaks and price starts holding below 1.1530, the bullish idea becomes much weaker. For now, I would rather wait for confirmation than buy the support blindly. Wishing you successful trading!