Is Zone A a major support or resistance?
If the break below (yellow circle) is false then I would call it a major support that held.
If it is a legitimate break by the bears then I would consider it now a major resistance.
I must have clarity on what this zone is so I know whether to look only for longs/shorts.
Well, you haven’t had much bounce down, so I’m leaning more support. The next break of the zone will give you a better idea.
I do not call that a fake break. the candle pattern seems to be still bearish.
Whatever you are proposing to do, I would say, don’t do it. What is visible in the chart does not give you clear guidance as to whether to buy or sell, so follow what the chart says.
Zone A appears to be a significant area of support turned potential resistance on the EURUSD monthly chart. Confirm with additional indicators or price action before determining trade direction.
