EUR/USD Downtrend Still Intact!
EUR/USD is trading at 1.1681 below 1.1687 former low. Dropping below it signals a potential downside movement. It could resume its drop as long as it stays under the downtrend lines. 1.1667 lower low is seen as the next downside target.
Now it has retested the 1.1687 broken downside obstacle, so a further drop is imminent. The EUR/USD pair could retest the immediate downtrend line before dropping deeper.
EUR/USD Trading Conclusion!
Staying below the immediate downtrend line and dropping under 1.1667 lower low may validate further drop towards 1.1626 and 1.1615 lows.
