EURUSD extended its downside movement from 1.1172 to as low as 1.0997. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.0997 could be treated as consolidation for the downtrend, further decline towards 1.0950 could be expected after the consolidation. Only a breakout of the trend line resistance would indicate that the downside movement had completed at 1.0997 already, then the pair would find next resistance level at around 1.1100.
