EURUSD remains in the downtrend from 1.1961, the price action from 1.1717 is likely consolidation of the downtrend. A breakdown below 1.1712 support will indicate that the downtrend has resumed, then next target would be at 1.1660, followed by 1.1554. Below these levels could trigger further downside movement to 1.1380 area. Near term resistance levels are at 1.1810 and 1.1862, only break above these levels could take price back towards 1.1961. Above this level would aim 1.2092 (Sep 8 high).
