EURUSD failed to break above 1.3486 previous high resistance and pulled back from 1.3385. The pair is now facing 1.3003 support, a breakdown below this level will signal resumption of the downtrend from 1.3486, then deeper decline towards 1.2624 could be seen.
For long term analysis, EURUSD may be forming a cycle top at 1.3486 on weekly chart. Further decline towards 1.1500 area is expected over the next several months.
