EUR/USD trend weakening (1D timeframe)

It appears that the EUR/USD trend is finally weakening, going for one last retest of the broken support lines.

Will this be a fake-out, or does this cross of the trendline signal the incoming bears taking control?

I will be watching what it does between the 0.5 and 0.618 Fibonacci levels, because it might potentially create a head-and-shoulder pattern.

My suggestion:

• Wait for the price to retrace to the area between Fibonacci 0.5 and 0.618 (around the 1.19000 level)
• Wait for a clear bearish candlestick pattern to form
• If it does, place a sell with the stoploss above the pattern, and take-profit slightly above the 1.15000 level.

And always keep in mind:

• Make your own analysis before placing the trade.
• I am not responsible for anything you do.
• Never risk more than 2.5% of your account on a single trade!

Happy trading!