# EURUSD drops to 1.09300 after weekly consolidation

> EURUSD falls to 1.09300 as bearish trend continues.
- Title: EURUSD drops to 1.09300 after weekly consolidation | Shortify
- Summary: EURUSD falls to 1.09300 as bearish trend continues. EURUSD drops to 1.09300 following weekly consolidation in a bearish trend.
- Keywords: eurusd, tradingview, fx_idc, bearish, consolidation, drop, 1.09300, business, finance, drops, 09300, weekly
- Source: TradingView — https://tradingview.com/chart/EURUSD/Hn2ZrgP7-EURUSD-Weekly-consolidation-before-drop-to-1-09300
- Published: 2026-10-21T18:11:00+00:00
- Read time: 1 min
- Topics: eurusd, tradingview, fx_idc, bearish, consolidation, drop, 1.09300, business, finance
## 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.
## Key takeaway

EURUSD drops to 1.09300 following weekly consolidation in a bearish trend.