EURUSD Retracement

FX:EURUSD   Euro / U.S. Dollar
50 0 1
EURUSD             is in a downtrend, and has been in a retracement into equilibrium. The two white boxes are the possible zones in which price can retrace to. The 38.2 fib zone is in confluence with the kumo flat bottom, which depicts a strong resistant level. I can also see a possible bearish head and shoulders pattern forming. If price can break the first trend line then then the price will fall again.
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