EURUSD IS APPROACHING A CRITICAL ZONEEUR/USDOANDA:EURUSDParadise_NoirAlthough EURUSD recently experienced a significant correction after the USD accelerated thanks to US inflation data, I believe the current 1.1640 – 1.1600 range is a noteworthy support area for buyers. On the H4 timeframe, the price is approaching a large demand zone after being repeatedly rejected at the descending trendline above. Importantly, the current downtrend structure is slowing down, indicating that selling pressure is no longer as overwhelming as it was at the beginning of the week. Fundamentally, while the Fed maintains its hawkish stance, the market is also paying more attention to the possibility of the ECB continuing its tough stance on inflation. This is a factor that could help EUR recover if the USD weakens in the short term. If EURUSD holds the 1.1640 level and a strong buying reaction occurs, it is highly likely that the price will bounce back to the 1.1680 area before confirming the next trend. Currently, this remains a noteworthy area to watch for a short-term recovery scenario.