FX.co ★ EUR/USD Reversal Pattern?

EUR/USD downside movement is still intact as long as it stays under the downtrend line. We don't have a trading opportunity right now, it's risky to sell it as long as it stays above 1.1774 former low.

Also, we don't have a buying opportunity as long as it stays under the downtrend line. We may have a buying opportunity if the rate jumps and stabilizes above the downtrend line.

Trading Conclusion!

We may have a new buying opportunity if the pair jumps above the downtrend line and if it passes above 1.1877 former high. 1.2000 psychological levels could be used as an upside target.