From TradingView · · 40s
EURUSD Potential Recovery Zone
EURUSD may rebound as price stabilizes near key support after bearish correction.
In brief
EURUSD may rebound as price stabilizes near key support after bearish correction. EURUSD could recover toward 1.11855 if support holds at 1.1140-1.1150. Originally reported by TradingView.
EURUSD Bearish Correction
EURUSD has experienced a strong bearish correction, pushing price directly into a higher-interest demand area around the 1.1140-1.1150 region.
Potential Recovery Zone
After the aggressive selloff, price is beginning to stabilize near support, suggesting that downside momentum may be slowing.
Recovery Targets
If support remains intact, a move back into nearby resistance levels becomes a possibility with targets at 1.11855, 1.12079, and 1.12303.
The main idea
EURUSD could recover toward 1.11855 if support holds at 1.1140-1.1150.
