EURUSD H4: After a Strong Breakout, Price Could Retest SupportEUR/USDOANDA:EURUSDMarcus_lawsonPrice Action: EURUSD previously maintained a bullish structure within an ascending channel and recently made a strong breakout above the upper boundary, pushing price toward the 1.1700 area. However, after the sharp rally, price is starting to lose momentum and showing signs of a correction from the highs. Current Price: Around 1.1677 Outlook: I favor a short-term bearish correction toward 1.1600, which was the previous breakout area and could now act as new support. If selling pressure continues below 1.1700, the probability of EURUSD retesting 1.1600 will increase. Correction Target: 1.1600 Once price reaches this zone, its reaction should be monitored before determining the next direction.