Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . EURUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45.
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I think that in general, we are in a downtrend.
The price climbed to the height of the second peak to breathe, and now, after breaking the uptrend line, it will continue falling to the target 1.
There is also the possibility of forming a triangle pattern . In this case, with the failure of the support that is the first target, it descends to the next level of supports, which is our second target.