EUR/USD Extends Slide Toward 1.14 as Bearish Liquidity Targets Emerge

EUR/USD just can’t catch a break. After multiple failed attempts to push higher, the pair is back under pressure and looks ready to test lower levels. Technical analyst points out that the chart is showing classic liquidity-driven price action—basically, big players are eyeing targets below. With the dollar staying strong and the euro struggling fundamentally, the path seems clear: we’re likely heading toward that 1.14 zone.

The Technical Setup

Technical analyst SIRRILLAH points out that the chart is showing classic liquidity-driven price action—basically, big players are eyeing targets below. With the dollar staying strong and the euro struggling fundamentally, the path seems clear: we’re likely heading toward that 1.14 zone.

The daily chart tells a pretty straightforward bearish story. Price keeps getting smacked down from an order block near 1.1600, and each bounce has been cleanly rejected. Here’s what’s standing out:

• Buy-side liquidity sits around 1.1850—already swept before the latest rejection
• Fair value gaps between 1.1750–1.1600 have been filled, clearing the way lower
• Order block resistance at 1.1600 is where sellers keep showing up
• Current price near 1.1536 confirms the downtrend is alive and well
• Sell-side liquidity target around 1.1400–1.1420 is the next logical stop

We might see a small bounce back to the 1.1580–1.1600 area before the next leg down—that’s a pretty common pattern before a bigger move.

Why the Dollar’s Winning

The macro picture isn’t helping the euro. U.S. yields are higher, economic data is holding up, and the Fed isn’t rushing to cut rates. Meanwhile, Europe’s dealing with weak industrial numbers and sluggish inflation. The ECB doesn’t have much room to maneuver with growth this slow, so the fundamental backdrop is backing up what the chart’s already saying.

All signs point to EUR/USD heading toward 1.14, where there’s likely a bunch of sell-side liquidity waiting. We could see a minor bounce from the 1.1550–1.1600 zone, but unless bulls can reclaim 1.1650, the bias stays bearish. Once that 1.14 liquidity gets hit, we’ll see if it sparks a reversal or if sellers keep pushing deeper. For now, the path of least resistance is definitely down.