EURUSD Daily Outlook | SMT Highs → Bearish Continuation Bias

EURUSD remains bearish on the higher timeframe.

Price has taken SMT at the highs and expanded to the downside, showing early signs of continuation. At current structure, we are likely forming a two-phase reaction:

Consolidation or retracement phase
Expansion to the downside

Price has already tapped into the higher timeframe order block and respected the bullish FVG, which increases the probability of a retracement move.

In this scenario, I expect price to retrace into the bearish FVG before showing further downside continuation.

For intraday execution, I will only consider entries if an A+ setup forms on the lower timeframe during this retracement phase.

For now, I remain patient and focused on confirmation.

Bias: Bearish (HTF)
Expectation: Retracement into bearish FVG → continuation lower