EURUSD Long: Channel Escape Opens a New Chapter for the 2H ChartEuro / U.S. DollarFOREXCOM:EURUSDheniitradingHello traders! Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously declined inside a descending channel and tested the Demand Zone with a fake breakout. Price then bounced along the Demand Line and is now moving higher. Currently, EURUSD is trading below the 1.1320 Supply Zone while holding above the 1.1200 Demand Zone. The recent bounce from support and breakout above the channel suggest buyers are preparing for another move higher. As long as EURUSD remains above 1.1200 and respects the Demand Line, the bullish scenario remains valid. A continuation higher could target 1.1320 (TP1). However, a break below 1.1200 would weaken the bullish outlook and open the door for further downside. Manage your risk!