EURUSD Is Approaching A Strong Support Level!

Well from what I can gather, EURUSD's main direction is bearish. As you can see on the chart, it's on its way to completing the second shoulder of the head and shoulders formation, and it has also broken the red horizontal zone (support that turned into a resistance level) and the red trend line which was acting as an inner channel. Since it has been respecting all the levels it has broken, I'm anticipating that when it gets to the red support level it will go back to retest the previously broken level, hence I'm looking to buy once it reaches the red horizontal zone, which coincides with my weekly key level (green horizontal line). Other views are welcome. Remember, trade smart not often!!!