EUR/USD Potential Rebound – Short-Term Buy Opportunity?

Analysis & Description:
The EUR/USD pair has experienced a strong bearish move, pushing the price down to a key support zone near the lower Bollinger Band. A potential bounce-back scenario is forming, as indicated by the setup.

Key Observations:
✅ Bollinger Band Support: Price touched the lower band, suggesting a possible short-term reversal.
✅ Recovery Setup: The chart outlines a bullish recovery with a target around 1.04128 - 1.04169.
✅ Risk-Reward Setup: Stop-loss positioned below the recent low to manage risk effectively.

Trading Plan:
📈 Bullish Scenario:

A successful hold of the support zone could lead to a move toward 1.04169, marking a possible short-term bullish opportunity.
⚠️ Bearish Risk:

If the price breaks below the recent low, the bullish idea could be invalidated, leading to further downside.
Final Thought:
EUR/USD might see a temporary relief rally after the recent drop. A cautious long entry near support could be an opportunity, but traders must manage risk carefully! 🚀📊