EUR/USD remains under sustained bearish pressure after its recovery failed near the 1.16178–1.17000 region, according to TradingView analyst Forex_Profit_SMC-FVG. As of the latest daily chart setup, the pair is trading near 1.124 and continues to form lower highs and lower lows, keeping sellers in control.
The analyst’s bearish sequence points to a rejection from premium pricing, a shift in order flow, a loss of internal support, and further movement toward sell-side liquidity. After breaking below the 1.14951 internal structure pivot and then losing the 1.13224 barrier, EUR/USD has opened a path toward the deeper liquidity target at 1.10857.
Fair value gaps, order blocks, and liquidity pools are central to the setup. The latest recovery into the 1.16–1.17 zone failed to produce a sustainable higher high, confirming that buyers had not regained control. Multiple fair value gaps were lost on the way down, reinforcing the bearish order-flow argument.
A short-term bounce remains possible because price is compressing near the bottom of the structure, but the analyst does not view that as bullish confirmation. To shift the daily outlook, EUR/USD would first need to reclaim 1.13224 and then recover 1.14951. Until then, the 1.10857 liquidity pool remains the key downside objective.
The macro backdrop adds to the bearish case for the euro. September U.S. CPI rose 3.7% year over year, above expectations, and helped push the dollar to an 18-month high as traders repriced the possibility of additional Federal Reserve tightening. Euro-area inflation was still elevated at 3.8% in September, and the IMF expects at least one more 25-basis-point rate increase from the European Central Bank this year. Higher ECB rates could support the euro, but tighter financial conditions and weaker European growth may offset that effect.
For broader financial markets, including crypto, a stronger dollar and expectations of tighter monetary policy can weigh on risk sentiment. Still, the article itself focuses on the EUR/USD technical and macro setup rather than any specific digital asset.
