EURUSD stays in a trading range between 1.3785 and 1.3864. Key resistance is at 1.3864, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3905, one more fall to 1.3750 area to complete the downward movement is still possible after consolidation. On the upside, a break above 1.3864 resistance will signal completion of the downtrend, then the following upward movement could bring price to 1.4000 zone.
