Alex Bobrov
⬤ EUR/USD has entered a clearly bearish phase after breaking below the monthly low, with the latest weekly candle closing decisively in the red. This move confirms that sellers are in control following a prolonged sell-off. The daily chart shows price rolling over after an earlier upswing, and the market structure now favors the downside as the pair trades beneath what used to be support.
⬤ Sell-side liquidity has already been swept—a move that typically leads to trend continuation rather than an immediate bounce. After taking out that liquidity, the pair couldn't push back higher and instead kept printing lower highs and lower lows. This pattern lines up with bearish order flow and suggests EUR/USD is more likely to keep falling than stabilize anytime soon.
⬤ The focus now shifts to a key daily order block. Until that structure is either broken through or successfully defended, EUR/USD is expected to continue drifting lower. The chart shows weakness unfolding in stages, with only brief pullbacks expected. As long as price stays below recent swing highs, the bearish outlook stays intact.
⬤ This matters for the broader market because EUR/USD often reflects shifting sentiment and directional conviction across major currencies. When a monthly low breaks and the decline continues, it tends to fuel momentum-driven flows and impact related currency pairs. With bearish structure holding and order flow pointing down, traders are watching to see if the pair accelerates toward deeper liquidity zones in the coming sessions.
Alex Bobrov
