EURUSD: Buyers Defending 1.1580

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EURUSD: Buyers Defending 1.1580EUR/USDOANDA:EURUSDParadise_NoirOn the H4 timeframe, EURUSD is trading around 1.16321, after reacting at the strong support zone of 1.15800. Although the price remains below the descending trendline, the current structure suggests that selling pressure has begun to slow down. My focus is on the gap around 1.1620 – 1.1640. If the price continues to hold above this area and does not break back above 1.15800, EURUSD could open a rebound to test 1.16600, the nearest resistance on the chart. Main scenario: wait for the price to hold above 1.15800, then break the descending trendline to confirm buying pressure. Target: 1.16600 Incorrect scenario: H4 closes below 1.15800 I'm slightly leaning towards an upward pullback, but confirmation is still needed as the 1.16600 area is a significant resistance level.