Warning: EURUSD About to Drop Hard from Current Levels

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Warning: EURUSD About to Drop Hard from Current LevelsEUR/USDOANDA:EURUSDAlmenioThis past week delivered significant volatility, with numerous high-impact news events and apparent market manipulations. In the end, however, it appears that much of this activity was already priced in by the market. From a pure technical standpoint, EURUSD successfully swept all major internal buy-side liquidity following what strongly resembles a Wyckoff Distribution Phase (Type 1). The pair subsequently closed bearish on the daily timeframe. At the same time, the DXY closed bullish within a weekly Fair Value Gap (bullish POI). Notably, this development occurred deep in weekly premium territory. Given the current market structure, the path of least resistance now points lower. My primary target lies at the equilibrium level around 1.14116, with potential for an extension even deeper should momentum accelerate. I have personally entered a short position on EURUSD with this setup in mind. If you appreciate structured, experience-driven technical analysis like this, feel free to follow for regular updates.