EUR/USD – Are Buyers Starting to Return?EUR/USDOANDA:EURUSDEmmaChartistHello everyone, in recent sessions, EUR/USD has continued its downward trend, retreating from 1.1750 to around 1.1500 — an area that has repeatedly acted as a strong support zone. Upon revisiting this level, the market began showing mild signs of recovery, suggesting that buying pressure may be quietly returning after a wave of sell-offs. On the 4-hour chart, the price gap near 1.1500 remains a key point of interest, where some bottom-fishing activity appears to be taking place. Conversely, the 1.1550–1.1580 range is emerging as short-term resistance; failure to break above it could see renewed downward pressure. Only a clear move beyond 1.1550 would give the rebound a chance to aim for the 1.1600–1.1650 area. The Ichimoku Cloud still hovers above the price, reflecting a cautious market sentiment. However, increasing volume at the lows indicates that buyers are gradually returning. Fundamentally, the US dollar continues to find support from the 10-year Treasury yield around 4.2% and strong labour data, while the Eurozone economy remains fragile as the ECB struggles to shift its policy stance. Given the current context, I lean towards EUR/USD consolidating between 1.1500 and 1.1550 in the short term before a clearer trend emerges. If 1.1500 holds, a rebound toward 1.1600 seems plausible; otherwise, a break below this level could trigger deeper losses. For now, I believe EUR/USD is in a balanced phase following a sharp decline, and the next move will largely depend on upcoming US economic data. What about you — do you think 1.1500 will hold, or will it give way in the next few sessions? Share your thoughts below!