EURUSD Uptrend Structure Intact — Path Toward 1.1700 ResistanceHello traders! I want to share my view on the current EURUSD setup. After a corrective decline, the pair formed a solid local bottom around the Support Level near 1.16200–1.16400, where buyers stepped in and stopped the downward momentum. As shown on the chart, price is now trading inside a clear ascending structure, supported by the rising Support Line and guided by a parallel Resistance Line, forming a well-defined upward channel. Inside this structure, the Buyer Zone has played a key role, serving as the base for multiple impulsive breakouts in the past. Several breakdown attempts turned into fake breakouts, confirming that buyers continue to defend this area and maintain short-term trend control. After these rebounds, EURUSD pushed into the upper part of the channel, reaching the Resistance Line and forming a local rejection that caused a pullback back toward the Buyer Zone. Currently, price is hovering near the ascending support line, and as long as EURUSD stays above the 1.16400 support area, the bullish scenario remains intact. If buyers successfully defend this zone and maintain structure inside the rising channel, I expect the market to move toward TP1 → 1.17000, which aligns with the major Resistance Level highlighted on the chart. A clean breakout above this level would open the way for further continuation, potentially driving the pair deeper into the higher resistance zone. However, if the price breaks below the Buyer Zone and violates the ascending Support Line, the bullish scenario becomes invalid, and the pair may revisit lower support levels around the 1.16000 area. For now, the structure remains moderately bullish as long as demand holds and EURUSD continues respecting the rising channel. Please share this idea with your friends and click Boost 🚀
