EURUSD – Interest Rate Decision Tomorrow + Downside Liquidity EUR/USDOANDA:EURUSDWiisoEURUSD continues to trade under bearish pressure as the market prepares for tomorrow’s interest rate decision. Consensus expectations point to no change in rates, which typically removes upside volatility and allows price to continue following its current directional flow. With no expected policy shift, the market is likely to focus on liquidity levels, technical imbalances, and broader USD strength. Macro Context The ECB is expected to hold rates steady, offering no new bullish catalyst for EUR. The USD remains supported by risk‑off sentiment and stable Treasury yields. When monetary policy is unchanged, markets often revert to liquidity‑seeking behavior, especially in trending environments. Technical Outlook Price is currently positioned above a clear pocket of downside liquidity, with multiple equal lows and unmitigated sell‑side inefficiencies below current price. Key points: Market structure remains bearish on higher timeframes. Liquidity pools sit below recent lows, making them attractive targets. Momentum indicators show no meaningful bullish divergence. Price continues to respect bearish order flow. Trade Idea As long as EURUSD remains below the most recent lower‑high zone, the expectation is for price to continue chasing sell‑side liquidity. Target: ➡️ 1.16400 – first major liquidity zone and inefficiency fill.