EURUSD is facing bearish pressure, potential for downside!

Price is facing bearish pressure as it broke below the ascending trendline and 21 EMA . Price is also facing resistance from 1st resistance level where it coincides with 78.6% fibonacci retracement and 61.8% fibonacci extension . We could potentially see a drop of price towards 1st support at 1.20573 level where it coincides with 100% fibonacci extension and 78.6% fibonacci retracement .