EURUSD - DISTRIBUTION COMPLETEEuro/US DollarFX:EURUSDgabagoolloverEUR/USD appears to have completed a distribution phase, with the UTAD (Upthrust After Distribution) aligning with the recent PPI release. This event likely served as the final liquidity grab before a potential reversal. The rally and the distribution as a whole showed volume spikes without follow-through, reinforcing classic signs of distribution exhaustion. Macro context supports this technical setup: while the U.S. economy is slowing, it's not collapsing—leaving room for hawkish repricing in a market currently dovishly priced for the Fed. On the other side, EURUSD is stretched, both technically and fundamentally, making it vulnerable to a correction.