EUR/USD Attempts Bounce but Faces Key Resistance at 1.1620Euro vs United States DollarTICKMILL:EURUSDSivaArjunMarket Overview: The EUR/USD pair is attempting a mild recovery from the 1.1465 support region, showing signs of stabilization after recent declines. The pair climbed above 1.1500 and briefly surpassed the 1.1540 level, indicating initial buying interest. However, strong resistance remains overhead, limiting further gains. Technical Outlook: On the 4-hour chart, EUR/USD moved above the 50% Fibonacci retracement level of the recent decline from 1.1668 to 1.1468. The next significant barrier sits near 1.1595, coinciding with the 61.8% Fibonacci retracement level and the 100 SMA (red). A major bearish trend line is forming near 1.1620, aligned with the 200 SMA (green). A decisive close above this area could trigger bullish momentum toward 1.1680, and a sustained move may open the path for a further rise toward 1.1750. On the downside, immediate support lies at 1.1540, followed by 1.1520. A clear break below 1.1520 would likely extend the correction toward 1.1465, the key support base. Upcoming Economic Event: Euro Zone Sentix Investor Confidence (Nov 2025): Forecast: -5.5 | Previous: -5.4 📊 Summary: EUR/USD is attempting a recovery but remains capped by strong resistance near 1.1620. A breakout above this level could shift momentum bullish, while failure to sustain above 1.1520 would signal renewed downside pressure.