Scenario 1 (80%): the price will retest the , cause we are in strong momentum (as you can see from the ) then fall again through the second , to create a deep low. Keep on eye on the 200 MA line, and take you’re conclusions. :)
Scenario 2 (20%): the price will follow the momentum, breaking the , retest it and go up until 1.272 level of .
Two important candlestick pattern, that are indicating the beginning of the bearish trend