EURUSD is bearish but may retrace

Comment:
EURUSD both Weekly and Daily timeframes show the market is downtrending.

Ichimoku Trend Analysis (KTS) on Daily timeframe:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles

Next Scenario:
The market has been resisted by Weekly descending trend line. However market may reverse for the next couple of days because
- Kumo is thin on a Daily timeframe
- Currently forming a Pin bar on Daily timeframe

So better to wait for a breakout of 0.9554.