EURUSD Bear signal down to 1.09, 20+Month bear channel

EURUSD has been in a strong bear channel, nearly 2 years straight. A lot of its due to the ECB monetary policy that has an extremely dovish tone, which puts downside pressure on the Euro. On a technical basis on the weekly chart we got a really strong reversal at the top of the channel at 1.117 and a recent broken low that was tested and held really well by the bears at 1.109 with a long wicked candle that closed the week bearish and identified a higher probability short down to a new low.
The target to the downside is the GAP start from April 2017 at 1.073.

Disclaimer: This is not trading or investment advice, this is analysis used for educational purposes only.