Fair Value Gap Retest
The fair value gap retest provided a clean entry for buyers, confirming demand at that level. This reaction reinforced the idea that liquidity was likely collected from the lows, giving the market fuel to push higher toward key resistance levels.

Short-Term Bullish Path
From here, price is approaching a major liquidity area above recent highs. This level may act as a magnet, drawing price upward for a sweep of buy-side liquidity. A continuation beyond that could result in a direct test of the upper trendline.

Potential Bearish Reversal Setup
If the upper boundary of the channel is reached, the reaction there will be critical. A sharp rejection from that area could trigger a deeper retracement, potentially driving price back toward the mid-range or even retesting the lower trendline. A liquidity sweep followed by bearish displacement would confirm this shift.

Key Scenarios Ahead
There are two primary outcomes to watch. First, price could sweep the current high and reverse lower, respecting the channel structure. Second, price could break through, reach the upper trendline, and then roll over for a larger corrective move. In both cases, the reaction after liquidity is taken will define the next directional leg.

Conclusion
At this stage, EURUSD is in a controlled uptrend, but the next high-probability move depends on how price behaves around the key liquidity level above. The plan is to monitor for either a sweep and rejection or a push to the upper trendline for a potential reversal.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.