EURUSD | Descending Channel Reversal Setup

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EURUSD | Descending Channel Reversal SetupEUR/USDOANDA:EURUSDAurum_ForexEURUSD has reacted strongly from the lower boundary of the descending structure after sweeping liquidity near the recent low around the 1.1110 support zone. Price is currently revisiting the highlighted demand area near 1.1133, which may offer buyers an opportunity to defend the trend reversal scenario. The primary focus remains on whether the market can maintain higher lows and reclaim key resistance levels overhead. 🔍 Technical View ✅ Rejection from channel support ✅ Strong bullish reaction from demand zone ✅ Retest of potential entry area ✅ Recovery structure forming on H1 📍 Bullish Scenario If buyers continue defending the highlighted entry region: 🎯 Target 1: 1.11903 🎯 Target 2: 1.12125 🎯 Target 3: 1.12600 - 1.12700 (major bullish zone) 📌 Entry Area: 1.11330 - 1.11400 ⚠️ A sustained move below the demand zone would weaken the bullish structure and require a reassessment of the setup. Note: This analysis reflects current market structure and price action and is not financial advice. Always manage risk appropriately.