EURUSD POTENTIAL CHANNEL FORMATION - Long play

EURUSD currently forming a new channel after shaking out and absorbing orders at a demand zone. Price structure still currently bearish. A break of the recent 1H swing high can confirm a temporary change in direction and potentially forwarding until the top of the channel in the next 2 days. Price took support at a convergence point from a smaller time frame downward channel, larger time frame upward channel and a HTF demand zone.