EUR/USD Pulls Back After Rejection — What’s Next?Euro / United States DollarCMCMARKETS:EURUSDBluetonaFXHi Everyone, The break above 1.17889 provided the impetus for EUR/USD to push into our marked 1.18350–1.19290 zone. However, price failed to sustain those gains, leading to a marked decline back toward 1.17889. A subsequent break below, followed by a failed retest, saw the pair extend lower into the 1.16550 support level. Looking ahead, we anticipate a brief relief rally toward 1.17500 before a potential break below 1.16550, opening the way for a move into the 1.15721 level where fresh buying interest may emerge. While there is scope for a deeper correction toward 1.14041, our immediate focus remains on 1.15721 as the key level to watch. The impulsive rally from the 1st August low continues to underpin our broader bullish outlook on EUR/USD. We expect the pair to retest support and reinforce it as a base for the next leg higher, with upside targets remaining at the 1.19290 zone and ultimately the 1.20000 handle. We’ll be monitoring price action closely to see whether this recovery gains traction and if buyers can sustain momentum through resistance. The longer-term outlook remains bullish, provided price continues to hold above the key support levels. We’ll keep updating you throughout the week as the structure develops and share how we’re managing our active positions. Thanks again for all the likes, boosts, comments, and follows — your support is truly appreciated! All the best for the rest of the week. Trade safe. BluetonaFX