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EURUSD Price Forecast Bullish Setup | Ascending Channel in Focus

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The Euro continues to trade within a well-defined ascending channel gaining bullish momentum after reclaiming a key supply zone Price action suggests a possible continuation toward the upper boundary and beyond Technical Outlook Price broke above 1.1400 supply zone now acting as support Maintaining structure inside ascending channel Pullback toward the supply-turned-support zone may offer re-entry before further upside.

Psychological target: 1.1600
Channel resistance: ~1.1500–1.1550
Support: 1.1405 and 1.1230


If buyers defend 1.1405 on any dip EURUSD may surge toward 1.1600 completing a textbook channel move.

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