EUR/USD Eyes Recovery After Liquidity Sweep at 1.1490–1.1500Euro vs US DollarICMARKETS:EURUSDProMarketEyeEUR/USD recently came under substantial selling pressure, driving the pair into a key demand area located around 1.1490–1.1500. The aggressive downward move appears to have cleared liquidity positioned beneath prior swing lows, a behavior often associated with institutional market activity aimed at triggering stop-loss orders before a potential reversal develops. Current price action indicates that EUR/USD may be forming a short-term foundation above this important support region. The 1.1490–1.1500 zone has already demonstrated its significance by attracting renewed buying interest and limiting further downside expansion. As long as the pair continues to trade above this support area, the potential for a bullish recovery remains intact. From a technical standpoint, EUR/USD is also approaching a descending trendline that has acted as resistance throughout several recent trading sessions. A decisive breakout above this trendline could signal a transition in market sentiment and confirm a shift from bearish to bullish momentum. Such a move may encourage additional participation from buyers and support a continuation higher. On the upside, the first key objective is located near the psychological resistance level at 1.1600. Beyond that, attention turns to the major supply zone between 1.1630–1.1640, where selling interest could re-emerge and challenge the recovery. Traders will likely look for additional confirmation through the formation of higher lows and sustained bullish candlestick structures. If buying momentum continues to strengthen, EUR/USD could extend its advance from current levels. Conversely, a breakdown below the 1.1490–1.1500 support zone would weaken the bullish outlook and increase the risk of another downward move. Conclusion: The recent decline appears more consistent with a liquidity grab than the beginning of a fresh bearish trend. Strong buying activity from the 1.1490–1.1500 demand zone, combined with the possibility of a breakout above descending trendline resistance, suggests that EUR/USD may be positioning for a move toward higher resistance levels. Market participants should closely monitor price action around support and wait for confirmation signals before targeting the next upside objectives.