EURUSD extended its downside movement from 1.1448 to as low as 1.1213. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1190 area. On the upside, a breakout of the trend line resistance would indicate that the downside movement is complete, then further rise to 1.1300 area could be seen.
