No changed in our view, EURUSD remains in downtrend from 1.3699, the rise from 1.3507 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.3400 area. Resistance is at 1.3585, only break above this level could indicate that lengthier consolidation of the longer term downtrend from 1.3892 is underway, then further rise to 1.3650 area to complete the consolidation could be seen.
