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EURUSD is facing bearish pressure, potential for downside!

Short
Euro / U.S. Dollar (FX:EURUSD)  
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FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD
21
3
trendanalysis harmonicpatterns chartpattern eurusd eur usd
Price is facing bearish pressure as it broke below the ascending trendline and 21 EMA . Price is also facing resistance from 1st resistance level where it coincides with 78.6% fibonacci retracement and 61.8% fibonacci extension . We could potentially see a drop of price towards 1st support at 1.20573 level where it coincides with 100% fibonacci extension and 78.6% fibonacci retracement .
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