**EUR/USD: Bulls Preparing for a Comeback? 🐂**
The pair is hovering just above the **1.1650** support zone, which has acted as a strong demand area multiple times since late June. Price is currently testing this level again, while both moving averages (50 & 100 MA) are slightly above — signaling a potential oversold condition if we see rejection here.
**Technical Outlook**
**Support: **1.1650 (key short-term level).
**Resistance* 1.1720 → 1.1800 (MA cluster + previous lower highs).
**Bias* Short-term bullish if 1.1650 holds.
**Setup* A bullish reaction at this zone could trigger a rebound toward the 1.1750–1.1800 range.
Invalidation: A clean 4H close below 1.1640 would flip bias to bearish continuation.
**💡 Trade Idea*
Watch for bullish confirmation near 1.1650–1.1660 with a tight **stop below 1.1610**.
**First target* 1.1750,
**Second target* 1.1820.