EUR/USD Descending Channel Breakout (30.10.2026)Euro vs. US DollarFX:EURUSDKABHI_TA_TRADINGSetup Overview: EUR/USD has broken above its descending channel on the H1 chart after recovering from the lower support base. A strong bullish candle has reclaimed the channel boundary and shifted short-term momentum toward buyers. The recent price action highlights a change in market structure. Buyers have gained control, and the next important step is a successful retest of the breakout area. The bullish setup remains in focus as long as the marked support structure holds. 📊 TRADING PLAN: Bullish Scenario: A successful retest of the breakout area keeps the bullish structure intact. A firm H1 candle close above the psychological barrier strengthens buying pressure and supports continuation toward the marked upside objectives. Strong bullish candles and sustained buying interest will be important confirmation signals. Bearish Scenario: An hourly close below the breakout retest area signals a failed breakout. A decisive move beneath the lower support base invalidates the bullish setup and gives sellers control of the market again. What Are the Key Technical Levels? 🟢 1st Upside Target: 1.1233 🟢 Extended Upside Target: 1.1260 🟡 Breakout / Retest Zone: 1.1147–1.1158 🔴 Strong Support / Invalidation Zone: 1.1113–1.1122 Pattern: H1 Descending Channel Breakout → Bullish Retest → Upside Continuation What are the Key Fundamental Drivers ? 1. ECB's Hawkish Hold Keeps Euro Buyers Interested. 2. Fed's Firm Policy Stance Keeps Dollar Traders Alert. 🔸🔸 Charts Don’t Lie, Traders Don’t Quit 🔸🔸 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading carries significant risk. Always manage position size and use protective stop-loss orders. 💬 Support My Work: Found this chart analysis helpful? Boost 🚀, leave a comment 💭, and follow 🔔 for more Forex market updates, technical analysis, and daily trading setups. Best Regards, KABHI_TA_TRADING Thank you.