EURUSD: Sell Opportunity after support breakOANDA:EURUSD has broken below a key support zone, signaling a potential shift in momentum. The price is now pulling back to retest this area, which previously acted as support and may now act as resistance—aligning with the possibility of continued downside.
If sellers confirm resistance at this level, the price may decline further toward the 1.12250 target , which aligns with a major support level. Conversely, a breakout above this zone could indicate the start of a new bullish trend.
Before considering any short positions, look for confirmation signals such as bearish engulfing candles, strong wick rejections from resistance, or rising selling volume.
This is just my view on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Good luck!
