EURUSD: Sellers Push the Pair Toward 1.1400EUR/USDOANDA:EURUSDDomicChainaEURUSD is entering a difficult phase for buyers. After breaking sharply lower from the 1.1600 area, the pair has failed to produce any meaningful recovery and continues to trade near 1.1420. On the H4 chart, the broader structure remains clearly bearish. Price is trading well below the EMA34 around 1.1494 and the EMA89 near 1.1544, suggesting that current rebounds are nothing more than temporary pauses within a USD-driven downtrend. My preferred scenario is a corrective bounce toward 1.1450–1.1490, followed by renewed selling pressure that could send EURUSD toward 1.1350. This would become the next key support area if the 1.1400 level fails to hold. What makes this chart particularly interesting is that despite the recent decline, buyers have shown very little ability to regain control. Small bullish candles near the lows indicate some demand, but it remains weak compared to the previous wave of selling. In this type of structure, trying to catch the bottom too early can easily turn into buying a simple retest before another move lower. Fundamentally, the news flow continues to favor the US Dollar. Reuters reported that the Dollar strengthened after the Fed kept rates unchanged while maintaining a relatively hawkish tone regarding future policy. In addition, Forex Factory data showed Eurozone Services PMI remaining below 50, while US Flash Services PMI improved to 51.1, highlighting stronger relative momentum in the US economy.