{"id":119991,"date":"2025-10-16T10:04:14","date_gmt":"2025-10-16T06:04:14","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119991"},"modified":"2025-10-16T10:04:17","modified_gmt":"2025-10-16T06:04:17","slug":"double-bottom-for-the-euro-is-it-time-to-rebound-16-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/double-bottom-for-the-euro-is-it-time-to-rebound-16-10-2025\/10\/16\/tech-analysis\/","title":{"rendered":"Double Bottom for the Euro \u2014 Is It Time to Rebound? 16\/10\/2025"},"content":{"rendered":"\n<p>The pair staged a clear rebound after <strong>breaking above 1.1630<\/strong>, prompting a short-term reversal of the bearish tone that dominated recent sessions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Technical Overview<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend context:<\/strong> While the broader structure remains <strong>bearish<\/strong>, price action is showing a <strong>bullish sub-trend<\/strong> intraday.<\/li>\n\n\n\n<li><strong>SMAs:<\/strong> The <strong>simple moving averages<\/strong> have flipped to <strong>dynamic support<\/strong>, helping underpin the move from below.<\/li>\n\n\n\n<li><strong>Momentum:<\/strong> The <strong>RSI<\/strong> has exited <strong>oversold territory<\/strong>, signaling improving upside momentum.<\/li>\n\n\n\n<li><strong>Pattern:<\/strong> A developing <strong>double-bottom<\/strong> pattern reinforces near-term recovery prospects.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Probable Scenario<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish case:<\/strong> Holding <strong>above 1.1610<\/strong> favors an ongoing corrective rise toward <strong>1.1690<\/strong>; a break higher would expose <strong>1.1720<\/strong> next.<\/li>\n\n\n\n<li><strong>Bearish risk:<\/strong> A <strong>break below 1.1600<\/strong> would likely reinstate selling pressure and reopen <strong>1.1570<\/strong>, then <strong>1.1540<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Caution<\/h3>\n\n\n\n<p>Risk remains elevated amid trade\/geopolitical tensions; <strong>volatility spikes are possible<\/strong>, and multiple scenarios can play out.<br><br><strong>Risk Disclaimer:<\/strong> Trading CFDs involves risks, and therefore the scenarios outlined above are not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: 1.1610<\/strong><\/td><td><strong>R1: 1.1690<\/strong><\/td><\/tr><tr><td><strong>S2: 1.1570<\/strong><\/td><td><strong>R2: 1.1720<\/strong><\/td><\/tr><tr><td><strong>S3: 1.1535<\/strong><\/td><td><strong>R3: 1.1760<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><br><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pair staged a clear rebound after breaking above 1.1630, prompting a short-term reversal of the bearish tone that dominated recent sessions. Technical Overview Trend context: While the broader structure remains bearish, price action is showing a bullish sub-trend intraday. SMAs: The simple moving averages have flipped to dynamic support, helping underpin the move from &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[],"class_list":["post-119991","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119991"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119991\/revisions"}],"predecessor-version":[{"id":119998,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119991\/revisions\/119998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119997"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}