EURUSD: Temporary Sell to the trendline

From my analysis, EURUSD and broken a minor trendline, I expect a retest of it, then a drop to the support trendline line below it. However, if it breaks the trendline upwards, we may consider buying this pair.

Comment:

Based on my technical analysis of the EURUSD, it has exhibited a medium-term downtrend since the 2nd of February with no indication of an imminent reversal. An intraday bearish trendline has been evident since the 1st of March, which the price has respected until this morning. The minor trendline was breached at 1.06134, and a retest of this level is anticipated, followed by a drop to the support trendline at 1.05862.

However, if the bearish trendline and supply zone are broken to the upside at 1.06343, a long position may be considered.

Comment:

All targets hit