EURUSD H4: Approaching Support Zone, Short-Term Bounce PotentialEUR/USDOANDA:EURUSDAmelia-JonesEURUSD is currently fluctuating within a mild ascending channel following a prior sharp decline. The price has been continuously reacting to the lower boundary of the channel and is approaching the key support zone around 1.1370. This indicates that selling pressure is showing signs of easing, while buyers are attempting to defend the current structure. If the 1.1370 support zone continues to hold and a bullish confirmation signal appears, EURUSD could trigger a short-term recovery toward the 1.1470 resistance area. A clear breakout above this level could extend the recovery momentum in upcoming sessions. Conversely, if the price breaks below the lower edge of the ascending channel and records an H4 close below the support zone, the recovery structure will weaken, and selling pressure may return. Trading Plan: Entry Strategy: Prioritize buying when the price holds the 1.1370 zone and a bullish confirmation signal appears. Invalidation: The bullish scenario will be invalidated if EURUSD breaks downward out of the ascending channel and closes on the H4 timeframe below the key support zone. This scenario reflects personal assessment only. Please make trading decisions based on your own analysis.