EurUsd could drop under important support

Since the recent 1.13 top, EurUsd started to fall, with rallies clearly sold.
Also, the mid of August is marked by a break under the ascending trend line that kept the price elevated for almost a year.
At this moment the pair is trading exactly at the horizontal support and a break also under this support is probable.
In such an instance EurUsd could drop to the next important support that lies 200 pips under.
I'm looking to sell rallies for EurUsd and an ideal price could be 1.0950 with negation above 1.1150 for a 1:3 risk: reward trade.

Commentaire:

As you could see from the chart, EurUsd revered exactly from the level predicted yesterday
So far, the daily candle is a bearish engulfing and we could have continuation
My idea reamains the same: 1.0550 zone in medium term