EURUSD moved sideways in a narrow range between 1.3586 and 1.3668. The price action in the range is likely consolidation of the downtrend from 1.3993. As long as 1.3668 resistance holds, the downtrend could be expected to resume, and next target would be at 1.3500 area. On the upside, a break above 1.3668 resistance will indicate that the downtrend had completed at 1.3586 already, then the following upward movement could bring price to 1.4000 zone.
