EUR/USD rebounds to test key resistanceEuro / U.S. DollarFOREXCOM:EURUSDFOREXcomEUR/USD stabilized over the past few days but the downward pressure remains intact after the hawkish repricing of US rates. Price is now at key technical area around 1.1400. The area between 1.14100 to 1.1440ish marks a key support zone from the past. Once support, we could see this zone now turn into resistance, potentially leading to a drop to a new yearly low beneath 1.1324 in the coming days. If instead we see a sharp recovery here into the close, then this could point to a near-term bottom. I am expecting the EUR/USD to bottom out soon amid the oil collapse, but not sure we have seen the reversal price action i am looking for just yet. By Fawad Razaqzada, market analyst with FORE.com