Euro just broke its multi-month support shelf around 1.1400, pressing down toward 1.1250 with heavy displacement.
The macro structure shifted earlier in the year with a clear MSS below 1.1600, followed by repeated breaks of structure (BOS) confirming institutional distribution. Buyers defended 1.1400 through the summer, but that floor has now cleanly broken, leaving a fresh supply zone around 1.1380–1.1400. I am watching for a corrective pullback into that broken floor to see if sellers keep control.
I’m watching the 1.1380–1.1400 retest area for bearish continuation, eyeing initial liquidity draws at 1.1100, 1.0900, and ultimately 1.0750.
Rejection wicks or lower-timeframe absorption inside 1.1400 confirms the short idea; a sustained daily close back above 1.1430 cancels the breakdown thesis.
Patience here—let price come back to the retest rather than shorting the low.
Educational purposes only. Not financial advice. Trade at your own risk.
—
Assumptions: Timeframe is daily based on monthly labels (Apr, Jun, Aug, Oct); 1.1430 is assumed as the invalidation level just above the shaded broken-support supply box.