According to my point of view and Technical Analysis, EURUSD would possibly go downward to the monthly trend support in context with the following factors :
* Price has retested the downward wedge resistance successfully.
* Price is still below 50 EMA.
* RSI is below 50 which indicates possible down trend.
* In 4H Timeframe Price has also broke the triangle and retested it successfully.
* Price has retested the downward wedge resistance successfully.
* Price is still below 50 EMA.
* RSI is below 50 which indicates possible down trend.
* In 4H Timeframe Price has also broke the triangle and retested it successfully.