More bearish ahead?

The bounce at Wednesday's open was short-lived and bulls' disappointment. Looks like 1400.00 will be tested. We may see again a bounce at this support, however, I expect that bears will increase the short on any bounce before we meet the MA-200.
We need to see a real oversold status when RSI-14 plunges into the 10-20 area combining with T2108 trapped around 20 for a while before entering longs. This condition may be found when the prices continue the drop down to and supported by MA-200.

EUR/USD looks Head & Shoulders pattern and the down target would be 1.28850

From a bigger picture (daily) the bounce from below the MA-50 considered failed and the low at 1.28827 will be retested.

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