Where does EURUSD go from here?

OANDA:EURUSD   Euro / U.S. Dollar
EURUSD gave a seeming smooth breakout at the 1.20 level on the weekly chart, until the price began to reverse as the USD began to strengthen. Now the price is returning to the long drawn downward sloping weekly trendline. Where will the price go from here?
Will the Dollar bulls take the dollar higher leading to a downward push in the EURUSD pair? Or will the dollar bears resume their journey and EURUSD breakout will continue upward?
Will be an interesting development to watch out for in the coming weeks.


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