EURUSD - Sell Setup After Key Support Break
EURUSD has decisively broken below a key trendline, signaling an increase in bearish momentum. This breakdown suggests that sellers are gaining control, with the potential for further downside continuation.In the near term, price may revisit the breakout level for a retest, where the previous support could now act as resistance. A failure to reclaim this level would reinforce bearish sentiment, increasing the likelihood of renewed selling pressure. If sellers maintain dominance, the price may head toward the 1.03120 level.
For confirmation of continued downside movement, traders should look for bearish technical signals, such as a rejection wick, a bearish engulfing candlestick, or increased selling volume. Conversely, a sustained move back above the resistance level could invalidate the bearish setup and shift the bias toward a potential bullish recovery.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
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I am going to secure with BE
Trade closed: target reached
The gap speeded everything :d
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