EURUSD Technical Analysis: Bullish Rebound Expected from supportEUR/USDOANDA:EURUSDEA_BOT_Trader_00Key Support 1.1365–1.1355 (Current demand zone) Strong historical support. Buyers have reacted from this area multiple times. Holding above this zone could trigger another bullish leg. 1.1325–1.1330 Major long-term support. A break below 1.1355 could expose this level. Key Resistance 1.1430–1.1440 Immediate supply zone (green rectangle). Previous rejection area. Bulls must reclaim this level to regain momentum. 1.1480 Major resistance and recent swing high. A breakout above this level would confirm bullish continuation. Bullish Scenario (Preferred) The chart favors a bullish recovery if support continues to hold. Conditions: Price remains above 1.1360. Bullish reversal candles appear within the demand zone. Buyers regain momentum toward resistance. Targets: 1.1400 1.1435 1.1480 A sustained break above 1.1480 could open the path toward 1.1500–1.1520. Bearish Scenario The bullish outlook would weaken if: Price closes below 1.1355 on the 4-hour timeframe. Sellers gain control below the demand zone. Downside targets: 1.1330 1.1300 1.1275 Price Action Observations ✅ Price is testing a well-defined demand zone. ✅ The broader trend remains constructive despite the correction. ✅ Recent declines have slowed near support, suggesting buyers are attempting to defend the level. ✅ A move above 1.1400 would improve the short-term bullish outlook. Trading Plan Buy Setup (Preferred) Entry: Around 1.1360–1.1370 after bullish confirmation (bullish engulfing, hammer, or strong 4H close). Stop Loss: Below 1.1350. Targets: TP1: 1.1400 TP2: 1.1435 TP3: 1.1480 Sell Setup (Alternative) Consider selling only if the pair closes below 1.1355 and confirms the breakdown. Targets: 1.1330 1.1300 Overall Bias Bullish: 60% Bearish: 40% As long as 1.1360–1.1355 holds, the probability favors a recovery toward 1.1430–1.1480. However, a decisive break below support would invalidate the bullish scenario and shift the focus toward lower levels.