This long trendline
from early 2009 was tested several times (blue arrow) over the last three years. I originally when long earlier last week when it tested 1.2585 and came out really shortly to wait for a better signal. Unfortunately, price action broke the trendline
. I was hoping for a false breakout. but the weekly close below the line makes me wonder if further weakness is on the horizon for this pair. We shall see next week.