EURUSD is on a mid-term bearish leg or trend while the fact that price has failed to hold up many support zones so far. Here on the chart when we zoom out a bit on a higher timeframe the things are clearly spotted. The price is on its move to find the major support from the weekly support formed close to 1.05 area. If this level remains valid and stronger we will see a strong reversal after the revisit at 1.05