EURUSD broke below the lower line of the price channel on 4-hour chart, and is now in downtrend from 1.3810, the rise from 1.3625 is likely consolidation of the downtrend. Initial resistance is at 1.3740, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.3400 is still possible. Key resistance is at 1.3810, only break above this level will indicate that the uptrend from 1.3296 (Nov 7 low) has resumed, then next target would be at 1.4000 area.
