EURUSD Continuing the Bearish Move

FX:EURUSD   Euro / U.S. Dollar
1365 13 9
After it broke the channels, the Euro             dropped to 1.3 where it has consolidated in a symmetrical triangle. This might just mean that it took a break before continuing the currently down trend. The RSI has a correction under 50 level. Next important support is at 1.2687. An up break might just take the price back to retest the broken trend line ...still I bet on bears.
Not so linear but going there
Still possible we have a quick throwback before going lower
Razvan QuantitativeExhaustion
True :)
There's your throwback
Razvan QuantitativeExhaustion
Nice call
yes, bearish, looks to me as if we are holding the larger channel
Nice Chart!
I do bet on bears too, Razvan, this is my simple chart , and it says down too

Razvan dedenfd
Clean and simple!
I think on 2013-02-01 was a reversal for the up trend. For me the main trend is down now. On H4 is quite clear the new move is quite strong. The breakout from the channel and the symmetrical triangle after are enough for me to agree with this analyze.
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