EUR/USD Extends Drop as Overnight Algorithmic Move Catches Traders Off Guard
- The euro-dollar pair dropped sharply during the Asian session, triggering a clean sell-off setup that many traders missed after waiting for the move throughout the previous day.
- B Trader noted that algorithmic trading now dominates forex timing, with liquidity-driven moves increasingly occurring outside traditional active hours.
- EUR/USD rejected from a bearish order block near 1.1662–1.1671, then reversed sharply toward 1.1618, following Smart Money Concepts principles.
- The dollar remains strong on Fed tightening expectations, while the euro faces pressure from weak European growth and dovish ECB stance.
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