EUR/USD Bears Target 1.1175 as Downside Bias Holds Below 1.1499

The key development is the **break and acceptance below 1.1408**, which confirms that prior demand has been invalidated. Once that level failed, the market effectively shifted into a sell-side delivery phase, with liquidity now being targeted lower.

The projection toward **1.1175** looks technically valid as long as momentum is sustained, especially since it aligns with a full measured move of the prior swing. That kind of symmetry often attracts continuation flows.

On the flip side, **1.1499 flipping into resistance** is important. It tells us the market has already re-priced that area, and any retest there is more likely to be met with selling interest than fresh demand.

For me, the bias stays **bearish while price remains below 1.1621**. However, I would not blindly sell lows — I’d prefer either a retest of broken structure or a rejection from 1.1499 before positioning.

In short:

👉 Trend is down

👉 Structure supports continuation

👉 Entries should be reactive, not predictive at current levels