EURUSD Short Idea: Retest of Broken Support as New ResistanceEuro vs US DollarICMARKETS:EURUSDhammad69918Hello TradingView Community, This is a technical analysis of a potential short opportunity on the Euro / U.S. Dollar (EURUSD) currency pair, based on the 15-minute timeframe. Technical Analysis: The chart shows a significant horizontal price level at approximately 1.17215. This level has been a key pivot point, acting as both support and resistance in the past. Recently, the price broke down below this level, which had been providing support. The current price action shows a pullback to retest this former support line from underneath. This is a classic bearish "support-turned-resistance" pattern. The expectation is that this level will now act as a ceiling, rejecting the price and leading to a continuation of the downtrend. Trade Setup: The short position tool on the chart outlines a potential trade plan based on this bearish scenario: Entry: Approximately 1.17215 (at the retest of the new resistance). Stop Loss: 1.17659 (placed above the resistance zone and recent swing highs to invalidate the idea if the price breaks back above). Take Profit: 1.15323 (targeting a new lower low or the next significant area of support). This setup provides a structured plan with a clear risk-to-reward ratio for a potential move to the downside. Disclaimer: This analysis is for educational and discussion purposes only and should not be considered as financial advice. Trading foreign exchange carries a high level of risk. Please conduct your own research and manage your risk appropriately before entering any trade.