EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1215 had completed at 1.1472 already. The pair is now in downtrend, further decline could be expected and next target would be at 1.1250 area. Near term resistance is at 1.1360, only a break of this level could trigger another rise towards 1.1500.
