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EURUSDDailyBearish

EURUSD daily (SMC): sell from the 1.1190–1.1240 supply zone

FXFibo editorial · · 1 min read
Summary

The daily structure is bearish after the break of 1.1161, and price is trading below a bearish fair value gap inside the 1.1105–1.1273 range. Sell-side liquidity below 1.1105 is the main draw.

BiasBearishEntry zone1.1200Stop loss1.1280Target 11.1105Target 21.1050StatusActive
Invalidation: Daily close above 1.1273
EURUSD daily (SMC): sell from the 1.1190–1.1240 supply zone

Main scenario

  • Structure: bearish daily BOS at 1.1161 with lower lows
  • Sell zone: bearish FVG and order block at 1.1190–1.1240 (range premium)
  • Entry: bearish reaction in the zone with a lower-timeframe bearish CHoCH
  • Targets: 1.1105 (equal-lows liquidity) and 1.1050

Alternative scenario

A daily close above 1.1273 (the 4 November high) neutralises the structure and opens 1.1300 and 1.1340.

Key levels

  • Resistance: 1.1203, 1.1240, 1.1273
  • Support: 1.1131, 1.1105, 1.1050

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.