Sellers Keep Crushing EURUSD as Dollar Strength Dominates

EURUSD continues showing a very clear bearish structure on the H4 chart as price keeps printing fresh lower lows after breaking below the 1.1700 support zone. What stands out to me is that the market has barely produced any meaningful rebound throughout this entire decline — a strong sign that sellers remain fully in control of the short-term trend. At the moment, EURUSD has dropped deeply toward the 1.1590 area and is trading near its lowest levels in several weeks. EMA34 crossed below EMA89 earlier, and the distance between both moving averages continues expanding downward — a structure that usually signals an accelerating downtrend rather than a normal correction. The key zone I’m watching now is around 1.1570 – 1.1550. If the market breaks below this area, there is a strong possibility EURUSD could be dragged quickly toward the 1.1500 level, where stronger defensive buying may finally appear. The biggest factor crushing the euro right now remains the powerful recovery of the US dollar. US Treasury yields are staying near their highest levels in more than a year, while expectations that the Fed will maintain a hawkish stance continue driving capital flows back into USD. In addition, markets are also reducing expectations for Fed rate cuts in 2026 after US inflation data repeatedly came in hotter than expected. This has kept sustained selling pressure on EURUSD across recent sessions.