eurusd downtrend continuation

FX:EURUSD   Euro / U.S. Dollar
79 1
trending down
near the top of the channel, so limited risk
price crossed ma's
MACD movement swinging down

Im starting to become bullish on this pair because we are hitting yearly lows and it should bring in some new buyers and the shorts taking profit. we have yet to have a decent retracement as of yet. however, i dont see much in the price action to justify going long.


more order amongst chaos for the chart!

in attempt to divine the market's next move, ive projected areas of resistance/support.
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