Saad Ullah
⬤ EUR/USD showed fresh selling pressure after completing a liquidity sweep above short term resistance, drawing increased attention to how the pair might behave as volatility picks up heading into the next major trading window. The move came after a brief surge into a highlighted supply zone where price couldn't hold its upward push, leading to an immediate reversal that changed the short term picture. This reaction has traders wondering if the pair is gearing up for a deeper intraday drop.
⬤ Market observers are watching EUR/USD for a potential decline during the New York session after the sweep cleared overhead liquidity. The pair pushed sharply into the resistance area near 1.1670 before pulling back, forming a clear rejection that fits with short term bearish expectations. After the reversal, EUR/USD traded around 1.1650, where the market seems to be consolidating before the next wave of liquidity flows in. If sellers stay in control, the pair could extend its slide toward levels below 1.1640.
⬤ The chart pattern shows how EUR/USD has repeatedly failed to hold gains near the upper consolidation band. Each move into the resistance zone has triggered a sharp reaction lower, reinforcing the view that supply remains strong at these levels. The latest sweep adds weight to this behavior, suggesting the market may have exhausted immediate upside liquidity, which raises the odds of further downside. This reflects a typical intraday pattern where liquidity grabs set the stage for directional moves once bigger trading sessions bring additional volume.
⬤ These shifts in intraday structure often shape short term expectations across major currency pairs. A confirmed downside move in EUR/USD during the New York session could ripple through the broader dollar market and help set the directional tone for the rest of the trading day. The reaction to the sweep highlights how liquidity dynamics continue to drive short term price action in the pair.
Saad Ullah
