EURUSD: Further Drop Anticipated.

DAILY:
1. Major Trend Reversal In Play = Bullish, But!
2. Price In Broad Base Channeling Up= Bullish But Broad Base Allows For Both Sides Trading (Long And Short )
3. Price Formed A Triangle @ Upper Part of Channel = Lower Channel Needs Testing
4. CONFLUENCE OF POINTS: Outer Downtrend Line+Triangle+ Upper Part Of Channel + Prior MODE Zone = Strong Resistance
5. Target Is Lower Part Of Channel


4H:
1.BX
2. Triangle BO And Follow Through(RE Bar)
3.11 Bar MODE
4. Target Is = Length Of Triangle Base