Just as expected the upmove didn't really hold, the yellow line isn't how the price will actually go. It would seriously surprise me if we actually hit the bottom of that trend channel. USD fundamentals are not good enough to warrant such a steep drop. If we do, European fundamentals have to become much worse. It's also something Trump wouldn't want: A strong dollar is bad for international trade.
We could just break above that trendline again if fridays data is bad for US. I know I will enter a long there if it is bad.