EURUSD: Testing the Institutional Supply zone Toward $1.1760Euro vs United States DollarTICKMILL:EURUSDVaultX_TraderThe 1H timeframe shows that the price has been printing higher highs and higher lows through multiple Break of Structure (Bos) and Change of Character (Choch) events. However, this "fill" move is now colliding with a heavy supply wall where the broader bearish trend is expected to resume. Technical Breakdown: The Supply Target: Price is directly testing the bottom of a significant Supply Zone located between 1.1840 and 1.1850. FVG Support: A minor Fair Value Gap (FVG) has formed near 1.1790, which may act as a temporary pitstop or "internal liquidity" during the anticipated drop. Structural Ceiling: The horizontal Resistance at 1.1840 remains the "line in the sand" for bears defending the premium price levels. The Liquidity Magnet: The primary downside objective is the Demand Zone at 1.1760, with a further support extension at 1.17498. The "Fill and Drop" Strategy The Anticipated Tap: We expect the price to wick deeper into the Supply Zone (near 1.1840) to mitigate remaining sell orders. The Rejection Thesis: Once supply is tapped, we are looking for an impulsive reversal. A failure to sustain gains above 1.1840 will likely trigger a rapid "drop" to seek a price discount. Primary Target: 1.17600 (Demand Zone). Secondary Target: 1.17498 (Support). Neutral / Invalidation Dashboard Bearish Bias: Active while the price trades below the 1.1840 supply wall. Key Confirmation: Watch for a 15-minute "Market Structure Shift" (MSS) to the downside once the supply zone is mitigated. Invalidation: A decisive close above 1.1850 would negate the rejection thesis, suggesting the "fill" has turned into a full trend reversal toward 1.1900. Final Thought: EUR/USD has nearly completed its corrective "fill". Following the SMC logic, the high-probability move is a rejection from the 1.1840 Supply Zone followed by a slide toward the 1.1760 discount floor.