EURUSD is still well and truly bearish after negative ECB news, causing a breakout through the support (now turned Resistance) level. Price is currently trying to break even lower from the local trendline [requires confirmation], which would see EURUSD head towards the bottom of the long-term Major Trendline. From there we expect a bounce back towards Resistance before falling towards Major Support at Potential Reversal Zone 2.
Trading Ideas: Short EURUSD Trade trendline breakout [upon confirmation of breakout]