Daily downtrend confirmed.

Can this daily downtrend continue?

Today, a daily downtrend was confirmed by todays close below previous swing low.

Answering this question is difficult because support was broken with a tiny margin.

There is plenty of room for bulls in the weekly timeframe, with the fast ema still above price which could act as support for a possible weekly higher low.

If bulls show up tomorrow with a close above todays high at 1.1049 could be the first sign of a lack of follow through.