EURUSD Tests Buyer Zone After Breakdown – Rebound Toward 1.1530?

Here’s my technical outlook based on the current EURUSD (2H) chart structure. EURUSD previously traded inside a broad consolidation range before breaking below support, confirming a shift toward bearish momentum. Price then formed an ascending channel, but buyers failed to maintain control near the upper boundary. Currently, EURUSD is trading near the 1.1470 Buyer Zone while remaining below the 1.1530 Seller Zone. A recent breakdown below the channel support and resistance area accelerated selling pressure and pushed price back to a key support zone. As long as EURUSD remains below the 1.1530 Seller Zone, the bearish scenario remains valid. However, a short-term rebound from the 1.1470 Buyer Zone could drive price toward the 1.1530 resistance level (TP1). A breakout above resistance would weaken the bearish outlook and signal a stronger recovery. Please share this idea with your friends and click “Boost” 🚀