The EURUSD pair breaking the two-month-old descending trend and opens the door for the zig-zag run, as per now the market printing the signals @ 1.16775 on downward with a chance for a recovery. The pair familiarity may change the game.
However, if the pair continues to develop in the downward, the 1.16318 would be the next halt for the price range, descending resistance breakout will add an extra run towards the south.
On the contrary, due to the pair popularity, the trend might change. If the reversal happens, there is a chance for solid uprun. The 1.17600, the 1.18300 and the 1.19650 are the buyers favourite.