EURUSD’s bounce from 1.3575 extended to as high as 1.3622. Resistance is at 1.3650, as long as this level holds, the bounce could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3500 is still possible after consolidation. However, a break above 1.3650 resistance will signal completion of the downtrend, then the following upward movement could bring price to 1.3800 zone.
