EURUSD Sell Setup: Rejection at Resistance, Potential Downtrend

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EURUSD Sell Setup: Rejection at Resistance, Potential DowntrendEUR/USDOANDA:EURUSDSwingTrade_ConceptEUR/USD is encountering strong resistance near the swing high. After a break of structure (BOS) and change of character (ChOCH), a reversal seems likely. Price action shows slowing momentum at this resistance zone, which suggests a potential decline towards the demand zone. Sellers should look for confirmation of rejection at this level, such as a bearish candle formation or a failed attempt to break the resistance. A successful rejection could trigger a short position targeting lower support areas. Watch for price to test the demand zone for further signs of a continued downtrend.