EURUSD Long: Ascending Channel Points Toward 1.1610Euro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded inside a descending structure before breaking below the Demand Zone and moving lower. After forming a base, price broke above the descending supply line and shifted bullish, developing an ascending channel. Currently, EURUSD is trading above the 1.1540 Demand Zone while approaching the 1.1610 Supply Zone. The recent rebound from demand suggests that buyers remain in control. As long as EURUSD holds above 1.1540 and respects the ascending channel, the bullish scenario remains valid. A successful retest of support could push price toward the 1.1610 Supply Zone (TP1). However, a breakdown below 1.1540 would weaken the bullish outlook. Manage your risk!