FX.co ★ EUR/USD

EUR/USD,technical analysis. I continue to wait for a technical rejection of the resistance line of the descending channel (trendline) , which will give me a definitive answer to the question, what exactly that breach of the trendline was in the end and its nature? If it was manipulation in the form of "false breakout",- the main scenario, then the bears will drag the price into the structure of the daily channel, and the breach in the trendline will be patchedas if it never happened. In that case we have: confirmation of the end of the correction phase; restoration of the daily trend with preparation for sellers' attack on the local support in the area of 1,13410; In case the trendline works in the market as a sloping support, then it first softens the pair's landing in this zone, which means there should be a slow convergence of price toward the trendline and the formation on its basis of a local trough. In this case, the breakout setup works as part of the pattern: breakout-technical pullback- continuation impulse.