EUR/USD at a Critical Level — Rebound or Bearish Continuation?Euro / US DollarCAPITALCOM:EURUSDSergiu_SmartMoneyEUR/USD is starting to show the first bullish reaction signs after defending the Daily EMA200 area and the 1.16 support zone. However, structurally, the market still remains under bearish pressure. At the moment we can observe: strong reaction from the 0.236 Fibonacci area possible liquidity sweep below the recent low short-term recovery attempt but the 1.1700–1.1750 zone remains a major resistance and key supply area As long as price stays below that region, the main scenario remains cautiously bearish-neutral. What I’m watching: holding above 1.1650 for continuation higher possible move toward 1.1700 → 1.1740 → 1.1800 liquidity however, losing the 1.1600 zone could quickly bring sellers back toward 1.1520 and even 1.1480 For now, this still looks more like a controlled retracement rather than a confirmed bullish trend.