EURUSD: A Decisive Rebound Before Key ResistanceEUR/USDOANDA:EURUSDDomicChainaEURUSD is showing a mild recovery on the H4 timeframe after the previous sharp decline, but for me this is still not a clear reversal signal. Price is currently trading around 1.1630–1.1640 and remains below the major EMA near 1.1665, showing that short-term selling pressure is still present. The key zone I’m watching now is 1.1650–1.1670. If price rebounds into this area but fails to close clearly above it on H4, EURUSD may face another rejection and move back down to retest the 1.1600–1.1585 support zone. The current market backdrop remains highly sensitive to USD strength, Fed policy expectations, and upcoming US economic data. Because of that, I would not rush to chase long positions while price is only showing a technical rebound. My main scenario is that EURUSD may first recover toward 1.1650–1.1670. If the pair fails there, price could decline again toward 1.1600–1.1585. On the other hand, if EURUSD breaks and holds above 1.1670, the rebound could extend toward 1.1700–1.1720.