The Euro stays in green for the third day but recovery is seen limited for now. Falling 10SMA offers immediate resistance at 1.1793, along with the base of thickening 4-hr cloud (1.1794/1.1875) which heavily weighs on near-term action.
Recovery needs sustained break above 1.1800 to generate firmer bullish signal for extended correction towards 1.1832 (29 Sep lower top) and key barrier at 1.1865 (daily cloud top).
Only sustained break here would neutralize near-term bears.
Meanwhile, limited upside attempts will keep the downside vulnerable for retest of key support at 1.1720 (cracked Fibo 38.2% of 1.1118/1.2092) with sustained break here to bring bears fully in play for extension of the bear-leg from 1.2092 peak towards strong support at 1.1604 (daily cloud top).
Res: 1.1793, 1.1816, 1.1832, 1.1865
Sup: 1.1747, 1.1720, 1.1696, 1.1662
