EurUsd - Time to break down from the channel

FX_IDC:EURUSD   Euro / U.S. Dollar
242 0 18
EurUsd             is forming a coil. We might start the decline immediately (1) or
we just have a false brekout from the coil to the upper trendline (2) to get everyone bullish and we head down
to the lower trendline and break it down.
Tomorrow FED minutes so I would start EurUsd             short with a smaller package
and add to that if we pop up to 1.1565...
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