We have a weekly downtrend that we are approaching.. On the daily there is a completed 5 wave diagonal structure with continuous divergence and the look of consolidation below the broken trend line and we near this weekly area. Will EURCHF breakout of the weekly downtrend? or one more drop! -- either way a nice trade set up may be in the making! To me, at this time the downside looks more probable - so lets see! Happy trading!