EUR/USD Faces Key Support Before Potential ReboundEUR/USDOANDA:EURUSDMomonooHello everyone, looking at EUR/USD on the 4H chart, the pair is undergoing a sharp correction after falling from 1.1650 to 1.1515 over recent sessions. The price is currently below the Ichimoku cloud, and the 1.1515 zone acts as a critical “floor,” where the market will decide whether sellers remain dominant or buyers step in for a technical rebound. Technically, after reaching 1.1650, selling pressure increased, pushing the price through several minor support levels and forming green FVGs, reflecting buyers’ accumulation. The 1.1515–1.1500 zone is now the equilibrium point; if defended, the pair could rebound toward 1.1600–1.1650. Conversely, a breach may extend the decline to 1.1450 or even 1.1400. News catalysts are driving the move. The recent Fed minutes reveal disagreement: some officials worry about a weakening labor market, others warn inflation remains sticky. This divergence strengthened the USD, pushing DXY above 104, while US equities recovered on Nvidia’s strong report, drawing risk-on flows and reducing EUR appeal. Meanwhile, Europe’s economic outlook remains muted with slow inflation decline and a less flexible ECB. From my perspective, EUR/USD is likely to test 1.1515–1.1500 in the short term. A clear buying reaction here (pin bars, rising volume) could push it toward 1.1600–1.1650 to fill uncompleted FVGs. If support fails, the decline may extend to 1.1450–1.1400 before the market rebalances. Overall, this is a breathing period after strong volatility. EUR/USD cannot sustainably recover until buying strength at key support zones is confirmed. Monitor the 1.1515 area for trend-following entries or a technical rebound.