EUR/USD Eyes Bullish Reversal From 1.1507 Low; 1.1673 Key Trigger Level

EUR/USD has staged a notable rebound from a four-month low of 1.1507, recovering after a sharp 4.8% decline from its 2026 high. The pair's reversal comes ahead of the closely watched US CPI release, which could serve as the catalyst for a more sustained directional move. Analysts have identified 1.1673 as the critical upside trigger level — a decisive break above this zone could confirm a bullish reversal pattern and open the path toward further recovery. The earlier selloff was driven by a combination of dollar strength and shifting rate expectations, but the bounce suggests buyers are defending key support zones. The February CPI data, which came in line with expectations, has so far provided limited additional downside pressure on the euro. From a technical perspective, the 1.1507 low now represents a significant support floor, while the 1.1673 level serves as the line in the sand for bulls. Traders should monitor price action around this trigger closely, as a failed breakout could lead to a retest of recent lows.