EURUSD’s downward movement from 1.1366 extended to as low as 1.0340. Near term resistance is at the top of the price channel on daily chart. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0000 area. Key resistance is at 1.0873, only break above this level could bring price back to 1.1500 zone.
