EURUSD red trendline sell pressure EUR/USDOANDA:EURUSDMMBTtraderFor EURUSD, the main plan is to open a sell position. A strong trendline is in place, but the sell will only be activated if the support on the chart breaks to the downside. The market is also trading near a major daily support zone, so a downside breakout would confirm the sell signal. Otherwise, price may reverse or range for a while. Educational Note: This approach is sometimes called a "breakdown confirmation strategy." It is particularly useful when price is at a critical level where both a bounce and a breakdown are technically possible. By waiting for the market to show its hand, the trader reduces false signals and improves the probability of the trade working in their favor. The cost of this patience is potentially missing the top by a few pips, but the benefit is avoiding a trade that goes immediately against the position. MMBT — your eyes on the markets. If this helped, hit like and follow. 💬✅