EUR/USD Tests 1.1665-1.1635 Key Support for Potential Bullish Reversal

EUR/USD has declined approximately 1.5% from its recent highs, pulling back over the past five trading sessions to reach a critical support zone between 1.1635 and 1.1665. This inflection area is being closely watched by technical analysts as a potential launching point for a bullish reversal. The pullback comes amid a broader reassessment of dollar weakness that had driven the pair to elevated levels in recent weeks. The 1.1635-1.1665 support zone represents a confluence of technical factors that have historically attracted buying interest. Should this level hold, traders may anticipate a recovery toward the recent highs, with initial resistance likely near the 1.1750-1.1800 area. A decisive break below 1.1635, however, could open the door for deeper corrective moves toward the 1.1550-1.1500 region. The pair remains in a broader uptrend, and the current decline is viewed as corrective rather than a trend reversal. Traders should monitor upcoming US and Eurozone economic releases for confirmation of directional bias.