Euro Recovery Stumbles at Resistance, Bulls on Alert

On the 4-hour chart, EUR/USD was unable to break above the 50% Fibonacci retracement of the decline from the 1.1622 swing high to the 1.1324 low. The failure at this key technical level suggests the recovery momentum may be fading.

Traders are watching to see if the pair can hold above recent lows or if the rejection triggers a renewed downside move. The lack of a clear breakout leaves the short-term outlook uncertain.