Saad Ullah
EUR/USD is showing renewed weakness after several failed attempts to hold higher ground. The price action now reflects a textbook bearish setup, with liquidity grabs, order block rejections, and fair value gaps all pointing in the same direction - down. The market appears to be gearing up for a move back toward key support around 1.1573.
Daily Chart Analysis
On the daily timeframe, EUR/USD continues to respect bearish technical signals, which strengthens the case for further downside. Price reacted sharply from the higher imbalance near 1.1880–1.1920, unleashing heavy selling pressure. According to IB-forex trader analysis, a sweep of short-term highs trapped late buyers before the market reversed aggressively.
The rejection at 1.1820 confirms that resistance is holding firm, showing clear supply dominance. A retest zone near 1.1750–1.1760 is now acting as a rejection point, and if this level continues to hold, downside momentum should accelerate.
Target Zone: 1.1573 Support
The projected bearish target sits around 1.1573, which represents both a key liquidity pool and a prior demand zone. Unless buyers can decisively reclaim the 1.1760–1.1820 area, the path of least resistance remains firmly to the downside.
Market Context
The strong U.S. dollar, bolstered by hawkish Federal Reserve policy and relative Eurozone weakness, continues to weigh heavily on EUR/USD. Each upward attempt has been met with liquidity grabs and sharp reversals - classic behavior during distribution phases that often precede deeper declines. The technical picture reinforces this narrative, with multiple bearish signals from order blocks to fair value gaps all converging on the same downside scenario.
Forward-Looking Summary
EUR/USD remains vulnerable to further selling pressure. The bearish case hinges on rejection at 1.1750–1.1760, which would open the door toward 1.1573. However, a clean break and hold above 1.1820 would invalidate this outlook and could spark a push back toward 1.1880–1.1900. For now, sellers appear firmly in control, and the euro-dollar pair looks ready for another leg lower.
Saad Ullah
