EURUSD — Retracement Delivery Before Reclaiming Higher ETEuro vs US DollarPEPPERSTONE:EURUSDSwisschart_SCTET = Engulf Target TH = Target Hit LQ = Liquidity TRZ = Trap Zone EURUSD completed an ET at 1.20821, and the current bearish movement is viewed as a retracement within the broader higher timeframe bullish structure. The current expectation is for price to hunt the higher timeframe TRZ zones while clearing the liquidity levels around 1.12138 and 1.11214. After completing the expected TH reaction, the broader bullish continuation scenario toward reclaiming and potentially engulfing the higher ET at 1.20821 remains valid. For now, the current downside movement is being tracked as part of a larger structural delivery rather than a full bearish reversal. SCT focuses on layered market structure, liquidity delivery, and price progression between targets across multiple timeframes. Further structural updates will follow as price develops. #EURUSD #Forex #Liquidity #PriceAction #SmartMoney #MarketStructure #Swisschart