Monthly SMT Says EURUSD Isn't Done FallingEUR/USDOANDA:EURUSDpropfirmwiseHigher Timeframe Context EURUSD appears to be following a classic ICT 2022-style distribution model. - Price raided old Buy Side Liquidity and failed to continue higher - Monthly SMT formed against GBPUSD - Inversion Fair Value Gap remains respected - Bearish orderflow continues to hold 👉 As long as these bearish PD Arrays remain intact, the path of least resistance remains lower. What Happened? After taking liquidity above the previous highs, EURUSD delivered a fake breakout and quickly reversed. - Buy-side liquidity was cleared - Monthly SMT formed with GBPUSD - Inversion FVG capped the retracement - SIBI continues acting as resistance - Bearish displacement confirmed weakness This is typically the type of price action seen when smart money distributes positions after engineering liquidity above highs. Current Outlook My focus remains on the sell side. As long as price trades below the Inversion FVG and SIBI resistance: - Bearish orderflow remains valid - Retracements are likely to be sold - Sell-side liquidity remains the draw The higher timeframe structure currently favors continuation lower rather than a bullish reversal.