Euro Bullish Channel - Potential Move to 1.1790 After Correction

Hello traders! Here is my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded within a range, showing consolidation before a breakdown that confirmed bearish pressure. After the drop, price found a bottom and initiated a recovery phase, forming an ascending channel with higher lows. Currently, price is holding above the 1.1710 buyer zone, which acts as strong support, while approaching the 1.1790 resistance level (seller zone). At the same time, a breakout from the previous structure and continued respect of the trendline indicate growing bullish momentum. As long as EURUSD holds above the 1.1710 support and respects the ascending channel, the bullish bias remains valid. A potential bounce from this zone could push price toward the 1.1790 resistance (TP1). Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

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