EUR/USD: A Corrective Bounce Had to Confront 1.1290

Analysis date: 16 October 2026

EUR/USD was staging a corrective bounce beneath its daily moving averages, with resistance near 1.1290 and broader weekly support around 1.1100. Below that shelf, 1.1000 was the next downside reference; above a successful repair, 1.1360 sat as a higher upside marker.

Market outlook

The bounce had to confront 1.1290 before it could claim more than a corrective rebound. Holding the 1.1100 weekly area kept the broader base intact; losing it would shift the pair from bounce-to-resistance into a deeper support test.

Key levels

• Near resistance: 1.1290

• Weekly support: 1.1100

• Lower reference: 1.1000 · Higher repair marker: 1.1360

Bullish scenario

Acceptance through 1.1290 would open 1.1360 as the next upside reference and treat the move as more than a brief corrective bounce.

Bearish scenario

Rejection at 1.1290 followed by a break of 1.1100 would put 1.1000 in play and end the corrective-bounce reading.