EURUSD: Breakout Retest Could Open the Way to 1.17700EUR/USDOANDA:EURUSDGoldenPearl_tradEURUSD is trading within a well-defined ascending channel, with price continuing to respect both the upper and lower boundaries. The latest bullish impulse shows that buyers remain in control, keeping the upside continuation scenario in play. Price has broken above the highlighted resistance zone and is now pulling back to test it. If this former resistance holds as support, it would reinforce the bullish structure and increase the probability of a move toward 1.17700, near the upper boundary of the channel. As long as EURUSD remains above the breakout zone, the bullish outlook stays valid. A failure to hold above it, however, would weaken the setup and could lead to a deeper pullback inside the channel. Always wait for confirmation and manage your risk properly.