EUR/USD, bears have full control of the situation

As it can be clearly inferred from the setup, the price is in the process of forming a new Lower High before dropping massively. Unless, the major USD news that we have today manage to mess things up. Nevertheless, if everything goes according to the plan, there are two Targets that we are aiming for.

Happy trading, family! Do not hesitate to drop your thoughts and idea in the comment section below!