EURUSD Trades Near Key SupportEUR/USDOANDA:EURUSDYong726Market View EURUSD remains in a broader bearish structure on the 4H chart, while recent price action continues to reflect weak recovery momentum. Following the sharp decline from the 1.1820 area, the pair has stabilized around 1.1400, but every recovery attempt has been limited by lower highs. The current price action suggests that buyers are defending support, although they have yet to regain meaningful control. With volatility declining and price moving sideways, EURUSD is approaching another decision point. The next breakout from this range is likely to determine the short-term direction. Key Resistance Zone First resistance: 1.1435–1.1460 This is the nearest resistance zone and the upper boundary of the current consolidation. Buyers need to reclaim this area before stronger recovery momentum can develop. Second resistance: 1.1480–1.1510 This region marks previous swing highs and remains an important supply zone. A sustained move above this area would improve the short-term market structure. Major resistance: 1.1550–1.1600 This is the broader structural resistance created during the previous decline. A confirmed breakout above this zone would signal a more meaningful trend reversal. Key Support Zone First support: 1.1385–1.1400 This is the nearest support area and the level currently being tested by price. Holding above this zone would allow buyers to continue defending the current consolidation. Second support: 1.1350–1.1370 If the first support fails, this becomes the next important demand area. A break below it would strengthen bearish momentum. Major support: 1.1310–1.1335 This is the lowest support from the recent recovery phase. Losing this region would confirm that sellers have regained full control and could trigger another leg lower. Market Sentiment Market sentiment remains neutral with a slight bearish bias. The market is no longer falling aggressively, but buyers have also failed to produce a convincing breakout. Until price escapes the current consolidation range, short-term direction is likely to remain limited. Above 1.1460, recovery momentum may improve. Below 1.1385, bearish pressure may strengthen again. Please share your view below: Will EURUSD defend the 1.1400 support zone and recover toward 1.1500? Or will sellers regain control and push the pair back toward 1.1330? More market structure and key level updates will be shared regularly.