EURUSD’s downside movement from 1.1448 extended to as low as 1.1209. As long as the price is in the bearish price channel 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 channel resistance would indicate that the downside movement had completed at 1.1209 already, then another rise towards 1.1400 could be seen.
