EUR/USD Analysis: Bullish Retracement Targets 1.3570 and 1.3630

The EUR/USD appears to be entering a bullish corrective phase following a prolonged bearish trend. After the strong downside movement, the pair is now showing signs of a technical retracement, which is a common market behavior after extended declines.

Currently, price action suggests that the pair is rebounding from the 1.3780 region, indicating that buyers are attempting to push the pair higher in the short term. This move is likely part of a Fibonacci retracement correction within the broader bearish structure.

From a technical perspective, the first upside target lies near 1.3570, which corresponds to the 38.2% Fibonacci retracement level of the previous bearish move. If bullish momentum continues, the next key level to watch is around 1.3630, aligning with the 61.8% Fibonacci retracement, often considered a strong resistance zone during corrective rallies.

Traders should monitor price behavior closely as the pair approaches these levels. Rejection from these resistance zones could indicate the continuation of the broader bearish trend.

However, this bullish retracement scenario would be invalidated if the pair breaks below the recent swing low, which would signal renewed selling pressure and continuation of the primary downtrend.

Trading Outlook

• Bias: Short-term Bullish Retracement
• First Target: 1.3570 (38.2% Fibonacci retracement)
• Second Target: 1.3630 (61.8% Fibonacci retracement)
• Invalidation: Break below the recent swing low

Overall, the technical outlook suggests that EUR/USD may extend its corrective recovery, with Fibonacci levels at 1.3570 and 1.3630 acting as potential upside objectives before the broader trend direction resumes.