EURUSD – 30M | Ascending Channel Retest Setup
Structure: EURUSD has been trading inside a clean ascending channel since the July 23 low, with price currently consolidating in a range between 1.1510–1.1540, sitting mid-channel after tapping channel resistance near 1.1560.
Bias: Bullish (continuation)
Expecting a pullback toward the 1.1500–1.1510 zone — confluence of the range low and the rising channel support trendline — before buyers step back in and price resumes higher toward 1.1540 resistance, then channel top near 1.1590–1.1600.
Key Levels
Resistance: 1.1540 (range high)
Support/Demand: 1.1500–1.1510 (channel trendline + range low confluence)
Target: 1.1590–1.1600 (channel top)
Invalidation
A 30M candle close below 1.1490 breaks channel structure and shifts bias to neutral/bearish.
⚠️ Idea for educational purposes only — not financial advice. Manage risk accordingly.