EURUSD: Mapping the Route From Channel Support to 1.1250Euro / U.S. DollarFOREXCOM:EURUSDRatnerHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a downward channel before entering a range and then forming an upward channel. Price then tested the Support Zone near 1.1160 with breakouts and rebounded, showing signs of buyers defending support. Currently, EURUSD is trading below the 1.1250 Resistance Zone while holding above the 1.1160 Support Zone and the upward channel. The recent rebound from support suggests buyers may attempt another move higher. My Scenario & Strategy As long as EURUSD remains above the 1.1160 Support Zone and respects the upward channel, the bullish scenario remains valid. A successful rebound from support could push price toward the 1.1250 Resistance Zone (TP1). However, a breakdown and close below 1.1160 would weaken the bullish outlook and increase the possibility of further downside. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.