EURUSD rebounds above 1.1200, but upside remains capped

EURUSD finds support at 1.1150 & tests 1.1200! Easing selling pressure points to resistance at 1.1250, but key risks remain at 1.1112 & 1.1000. Recovery strengthens above 20-day SMA (1.1300).
XM Group | 20 hari yang lalu

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. 

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