EURUSD 30m: Testing Rising Trendline – Potential Breakdown Setup

Wait 5 sec.

EURUSD 30m: Testing Rising Trendline – Potential Breakdown SetupEUR/USDOANDA:EURUSDmasood112jEURUSD is currently testing a key rising trendline support on the 30-minute timeframe. Key Observations: Price has been respecting a rising trendline (marked in red) for several sessions. Recent price action is showing lower highs, indicating weakening momentum. Price is now sitting right on the trendline support. Trade Idea (Bearish Bias): Looking for a breakdown below the rising trendline. A clean break and close below this support could trigger a sharper downside move. Expectation: If the trendline breaks, downside continuation is favored (as marked with the red arrow). Invalidation: A strong bounce and close back above the trendline with momentum would cancel the breakdown setup. Risk management is important — wait for confirmation of the break before entering. What is your view on EURUSD from here? Share your thoughts in the comments!