EURUSD: SMT Divergence and Key Liquidity Execution ZonesEuro vs United States DollarTICKMILL:EURUSDoneshotalgoAs traders, our goal is not to predict the future with certainty, but to map the most relevant areas of liquidity and react accordingly. We do not know exactly where the market will go next, but wherever price decides to deliver, we want to be structurally prepared to execute on either the Long or Short side. Currently, EURUSD is trading within a defined 20-day dealing range, sitting in discount relative to equilibrium and waiting for its next major liquidity draw. The most notable part of the current macro picture is the clear SMT Divergence between EURUSD and the USDOLLAR. Recently, the US Index pushed higher to sweep external buy-side liquidity and print a Higher High. EURUSD, however, did not make a corresponding Lower Low, leaving the structural low at 1.14103 intact and forming a clear liquidity shelf around 1.14425. That relative strength is worth paying attention to, but price action still needs to confirm whichever side is ready to expand next. My Primary Long Scenario (Discount Accumulation) If price retraces lower before expanding, my Primary Long area of interest sits within the unmitigated 4-hour Bullish Fair Value Gap (FVG) between 1.14752 and 1.15001. This is not a blind limit zone - I want confirmation. Ideally, price taps into this area and gives a clean 15-minute candle close with visible wick rejection before entry. If that reaction appears, an entry near 1.14850 offers a strong long setup. The primary target is the Previous Week’s High (1.16392), which remains the clearest buy-side liquidity draw, with strict invalidation below the 1.14575 low. My Primary Short Scenario (Premium Defense) If price expands higher first, my Primary Short scenario becomes active. The main area of interest is the 4-hour Bearish FVG sitting above equilibrium between 1.15384 and 1.15836. If EURUSD trades into that premium zone, I will be watching the lower timeframes for a 15-minute Bearish Market Structure Shift (MSS) before considering entry. A confirmed reaction around 1.15600, with protection above the FVG at 1.1605, would create a valid short setup targeting the sell-side liquidity resting near 1.14425. Final Take At the moment, EURUSD is trading between two meaningful higher-timeframe imbalance zones. That means this is a scenario-based environment, not a market to force. If price delivers into discount and confirms, the long becomes valid. If price pushes into premium and fails, the short becomes the cleaner play. Until then, patience is part of the trade.