After consolidation, EURUSD continued its downward movement, and the fall from 1.4548 extended to as low as 1.3386. Key resistance is now at 1.3936, as long as this level holds, downtrend could be expected to continue, and next target would be at 1.3000 area.
For long term analysis, EURUSD is downtrend from 1.4939. Further decline towards 1.2000 is expected in next several months.
