EUR/USDEUR/USDOANDA:EURUSDPadayacheeMchunu4H Market Structure 📊 EURUSD remains bearish, with price currently around 1.1289 after breaking below the previous 1.1350–1.1380 support area. The important area now is the 1.1250–1.1270 demand zone, where the chart is showing a weak low and liquidity. My current structure allows for a liquidity sweep into this zone, followed by a corrective recovery if buyers defend it. Recovery levels: 🔹 1.1350–1.1380 — first resistance/retest zone 🔹 1.1390–1.1410 — secondary resistance 🔹 1.1470–1.1500 — major supply zone A sustained break below 1.1250 would weaken the recovery scenario and suggest that the bearish structure is continuing. Fundamentally, the euro is also facing pressure from elevated energy prices and European political/fiscal concerns, while U.S. Treasury yields remain elevated. Reuters reported EURUSD trading below 1.13 today, with the euro reaching a 17-month low. 🗓️ Forex Calendar — Key Events 🇺🇸 Friday, Oct 2 — HIGH IMPACT 🔥 U.S. Non-Farm Payrolls — 90K forecast / 162K previous 🔥 Unemployment Rate — 4.1% forecast 🔥 Average Hourly Earnings — 0.3% forecast 🇪🇺 Friday: • Eurozone CPI Flash — 3.7% forecast • Core CPI Flash — 2.5% forecast These releases could create significant volatility around the 1.1250–1.1270 demand zone, particularly if the U.S. employment data produces a large USD reaction. For now: the bearish structure remains intact, but 1.1250–1.1270 is the key reaction area I'm watching. *Not financial advice — educational market-structure analysis only.*