Which Path for EUR/USD as the Dollar Stays Strong?EUR/USDOANDA:EURUSDEmmaChartistHello everyone, Today EUR/USD is facing strong selling pressure around 1.172x. On the H1 chart, price remains below the Ichimoku Cloud, with layered FVG/supply zones above acting as barriers, meaning each rebound is quickly sold off. Volume is light during declines but even weaker on recoveries, highlighting the lack of buying conviction. The US Dollar continues to firm ahead of a series of Fed speakers, following last week’s restart of the easing cycle. This has kept the greenback resilient and weighed on the euro. Meanwhile, the ECB has maintained rates with a cautious stance, offering no new catalyst for EUR strength. Adding to this, a heavy calendar of key data releases—including flash PMIs and the US Core PCE on 26 September—makes investors risk-averse, which tends to support the dollar in the short term. Given this backdrop, I expect price to slide into the FVG zone around 1.1700–1.1690 before staging a technical rebound toward 1.1745–1.1760 (aligning with clustered FVGs and the lower edge of the Ichimoku Cloud). From there, another leg lower could target 1.1665–1.1645, likely sweeping liquidity near recent lows. Only a clear H1 close above 1.1780 with strong volume would make me reconsider a bullish reversal. Conversely, a break and close below 1.1690 would raise the risk of a deeper downside breakout ahead of US data later in the week. What’s your view? Do you see EUR/USD finding a floor or continuing lower? Share your thoughts!