#EURUSD: Major Selling Move In Makinh, +1500 Pips And More! EUR/USDOANDA:EURUSDSetupsfx_📌EURUSD is feeling a bit of pressure again on the two-day chart, hovering around 1.1391 after a steep drop from the 1.1700 area. This has nudged the pair close to its July lows, so what happens next will be really interesting. The mood is still bearish, but jumping into short trades straight after such a sharp fall might leave us open to a little bounce before the next dip. 📌The bigger picture backs this up. Since the main peak earlier in 2026, any rallies have struggled to hold their ground. Even though August’s recovery pushed through the downward trendline and lifted spirits briefly, that energy has faded. The move below 1.1560 shows buyers are losing steam and sellers are back in charge for now. 📌If we see a rebound, the key spot to watch is the 1.1560–1.1711 zone. The lower edge near 1.1560 is our first guide. If EURUSD tests this level and then turns back firmly, it would strengthen the bearish idea. On the other hand, strong bullish candles staying inside the zone might mean we should give the setup more time to develop. 📌To be sure, keep an eye on the four-hour or daily charts for signs of a fading rally. A bounce from the zone followed by a break below the latest higher low would give us clearer proof that sellers are returning. Any trade should come with a clear exit point beyond the bounce, and we can adjust our position size to match the stop distance. 📌On the downside, the July lows around 1.1330–1.1360 are the nearest spot to keep an eye on. These levels might hold sell-side liquidity, perhaps with stop orders from existing long positions. A quick dip followed by a fast bounce could spark a recovery; however, a lasting break below this base would make a further slide towards 1.1012 more likely. 📌The lower target is a wider swing point on the two-day chart, so price moves probably won’t be straightforward. A bounce back to 1.1560 is a possibility rather than a certainty. If the July lows are breached before a recovery, we’d need to tweak our approach – chasing a falling market just because the overall view was right could still lead to a tricky trade. 📌Our bearish view would need a rethink if EURUSD climbs back above 1.1711 and holds there – especially with a solid two-day close and a successful retest. Until then, it’s best to watch for a recovery into resistance and signs of fresh selling. Even though the chart highlights a clear area to watch, we’ll need price action to confirm the opportunity. LIKE AND COMMENT FOR MORE THE SETUPSFX_ TEAM