EURUSD rebounds above 1.1200, but upside remains capped
Overview: EURUSD is recovering towards the 1.1200 level after finding support near 1.1150 over the past four sessions, halting the extended decline from the September 9 high around 1.1650. Nevertheless, the broader bearish bias remains intact, with the pair continuing to trade below the long-term descending trendline, keeping upside potential limited.
Momentum: Momentum signals point to easing selling pressure, though they still hold in negative territories.
Bearish scenario: The current rebound could extend towards 1.1250, where resistance may emerge. Failure to break higher could shift focus back to the 17-month low at 1.1112, followed by the psychological 1.1000 level.
Risk: A breach of the 20-day SMA near 1.1293 could strengthen the recovery.








