EurUsd- bearish outlook

١٥ أكتوبر ٢٠٢٠

After failing to stay above 1.18 figure and the drop under flag's support, EurUsd continued its descent and is trading at 1.17087 of at the time of writing.
I believe a new leg down will follow for this pair and 1.16 zone would be challenged soon.
Sell rallies could be a good strategy in the search of a good R:R.
A daily close above yesterday's high would negate this outlook