EURUSD Long: Rounding Bottom Supports Bullish ContinuationEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (1H) chart structure. EURUSD previously traded inside a descending channel before breaking higher and shifting bullish. Price then formed a Rounding Bottom and moved toward the 1.1640 Supply Zone, where sellers rejected the upside. Currently, EURUSD is trading below 1.1640 while holding above the 1.1600 Demand Zone and ascending Demand Line. The recent fake breakout near demand suggests a possible rebound. As long as EURUSD remains above 1.1600 and respects the Demand Line, the bullish scenario remains valid. A rebound could push price toward 1.1640 (TP1). However, a breakdown below 1.1600 would weaken the bullish outlook and increase downside risk. Manage your risk!