EUR/USD is about to break the 1.3337 support line, probably at any time in the next two weeks,
Once it does, the recent trend-following compression of volatility will lead to a huge fall at least to the next suport level (about 1.3166). This will happen exactly when the Fed is expected to definetively stop the monetary easing to the US economy and ECB will instead start the 4year easing plan expected to defeat the risk of deflation by injecting about 1000 billion of euro in UEM. All those things are clealy going to strenght the depreciation of Euro against USD and therefore the bearish trend. Don't forget to seize a stop loss just some pips above 1.348 to be safe against a (unprobable) rebound over the 1.3337 support line
Once it does, the recent trend-following compression of volatility will lead to a huge fall at least to the next suport level (about 1.3166). This will happen exactly when the Fed is expected to definetively stop the monetary easing to the US economy and ECB will instead start the 4year easing plan expected to defeat the risk of deflation by injecting about 1000 billion of euro in UEM. All those things are clealy going to strenght the depreciation of Euro against USD and therefore the bearish trend. Don't forget to seize a stop loss just some pips above 1.348 to be safe against a (unprobable) rebound over the 1.3337 support line