Victoria Bazir
⬤ EUR/USD flipped bearish on the daily timeframe after getting rejected hard near the 1.16 zone. Price tried pushing higher into premium territory but couldn't hold, and now it's sliding back down toward lower liquidity areas. The technical setup shows multiple imbalance regions that haven't been filled yet, which typically means price wants to revisit those levels.
⬤ Here's what happened: EUR/USD poked above 1.1600 briefly but immediately got smacked down with a strong rejection wick. That failure created a series of lower highs, and now the chart's painting a clear path toward 1.14912 as the next logical target. Those fair value gaps sitting below current price are acting like magnets, pulling the pair down to rebalance previous inefficiencies.
⬤ The momentum's absolutely favoring bears right now. If this pressure keeps up, we could see EUR/USD pushing down toward 1.14681 next. The daily structure shows clean downside potential as the market tries to fill those liquidity zones marked on the chart. Everything's lining up for continuation lower unless something changes dramatically.
⬤ This shift matters because EUR/USD sits at a critical junction where continued weakness could ripple across major currency pairs. A deeper drop would signal stronger dollar demand and likely crank up volatility in related FX markets. The technical picture shows how quickly things can flip near key resistance levels, making the next few sessions crucial for confirming whether this bearish momentum actually delivers price to those lower targets.
Victoria Bazir
