Euro broke down weekly trendline with a gap. Gap breakouts is one of the critetias to validate the breakouts as true. And usually quite significant moves take place after gap occurs.
Moreover, we have not seen any signs of reversals below yearly Camarilla S3 level. If price should start an uptrend it is here between S3 and R4. No such signs for now. Quite the opposite we see a weekly shooting star off the reversal level S3! Weekly bullish morning star which we saw earlier seem to be failing.
Hence I would expect a yearly floor (S4) breakdown.
This is not financial advise!
Moreover, we have not seen any signs of reversals below yearly Camarilla S3 level. If price should start an uptrend it is here between S3 and R4. No such signs for now. Quite the opposite we see a weekly shooting star off the reversal level S3! Weekly bullish morning star which we saw earlier seem to be failing.
Hence I would expect a yearly floor (S4) breakdown.
This is not financial advise!
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