From TradingView · · 30s
EURUSD drops to 1.09300 after weekly consolidation
EURUSD falls to 1.09300 as bearish trend continues.
In brief
EURUSD falls to 1.09300 as bearish trend continues. EURUSD drops to 1.09300 following weekly consolidation in a bearish trend. Originally reported by TradingView.
EURUSD weekly consolidation
EURUSD remains bearish on its 1D technical outlook with RSI = 41.188, MACD = -0.007, ADX = 50.835.
Bear cycle starts
The market topped in January 2026 and entered a full scale bear cycle similar to the 2021 pattern.
Target drop to 1.09300
After consolidation, EURUSD dropped to the 1.786 Fibonacci extension target of 1.09300.
The main idea
EURUSD drops to 1.09300 following weekly consolidation in a bearish trend.
