“EUR/USD Rebounds Strongly After Hitting the Projected Target – Analysis | 06-01-2026”

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EUR/USD recorded a sharp intraday rally after finding support at the key level of 1.1655, which had been identified as an expected target in our previous analysis. The pair managed to recover a significant portion of its earlier losses in a clear corrective move.

This rebound comes amid the continuation of a dominant short-term bearish corrective wave, alongside persistent negative pressure from trading below the EMA50. Meanwhile, the Relative Strength Index has reached overbought territory, signaling the potential for a rapid slowdown in momentum.

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