H SMC Analysis: BOS Confirms Bearish ContinuationEUR/USDOANDA:EURUSDVENTURA_GLOBALThe market remains in a clear short-term bearish trend following a strong bearish displacement from higher prices. After sweeping buy-side liquidity and rejecting from a premium pricing area, price established a lower high and continued to create lower lows, confirming bearish market structure. Recent price action shows a breakdown below a key liquidity zone, suggesting that sellers remain in control while the market seeks lower liquidity pools. Market Structure A previous Change of Character (CHoCH) signaled a temporary bullish correction. The subsequent Break of Structure (BOS) to the downside confirmed the resumption of bearish order flow. Price has continued to respect lower highs, reinforcing the current bearish bias. Key Technical Zones Supply Zone / Order Block: 1.1478 – 1.1488 This area represents the last significant bearish order block and remains a key zone where institutional selling pressure may re-enter the market. Any corrective rally into this region could attract fresh sellers. Liquidity Zone: 1.1418 – 1.1422 The highlighted liquidity area has already been tested and is currently acting as a short-term reference level. Price acceptance below this zone strengthens the bearish outlook. Downside Target: 1.1375 The next major liquidity objective is located near 1.1375, where resting sell-side liquidity and potential profit-taking activity may be found. Trading Scenarios Bearish Scenario (Preferred) As long as price remains below the liquidity zone and nearby supply area, sellers maintain control. A corrective retracement into the 1.1418–1.1428 region could provide an opportunity for bearish continuation toward 1.1375. Alternative Scenario If buyers reclaim and sustain price above the liquidity zone and establish acceptance above nearby resistance, the market may attempt a deeper retracement toward the higher-timeframe order block. Liquidity Outlook Current price action suggests the market is targeting lower liquidity resting beneath recent lows. The failure of buyers to maintain price above the broken liquidity zone increases the probability of a continuation move toward the next downside objective. Risk Management Wait for confirmation before entering positions within supply or demand zones. Avoid chasing price after impulsive moves. Focus on favorable risk-to-reward opportunities near key liquidity levels. Be aware of high-impact economic events that may increase volatility. This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and apply proper risk management before making trading decisions.