EUR/USD Downward Trend may escalate

Following the curve indicated by the red lines, we have predicted a downtrend along the channel shaded yellow (called "Channel C" in my previous posts). We expected an upswing within this channel, but now see that the upswing may be no more than a parallel movement along the broken red horizontal line. Continuing to follow the continuous red-lines curve, the downward trend may escalate and become steeper than Channel C.