update on the EURUSD

as we can see major support levels and trend lines are being tested by the EURUSD , my analysis is if price closes below the 1.10857 then the downtrend will continue further to the next level of support. if the 4 hourly candle close above 1.10857 then we could potentially see a retracement back to the previous resistance zone . the fundamental side of things, USD has had some negative data so that could potentially cause this trend to continue bearish .