EURUSD price near buttom of channel and confluence of support

Would this reverse or continue going down? I suspect a turn around at about 1.1790. However, I would be patient to see price hit support and bounce from it before entering longs otherwise a break below the support line will bring in sellers.

Disclaimer: Note that this is not a financial advice. It is just my way of sharing my trade ideas with the community and that any decisions you make from this is solely your responsibility and has nothing to do with me.