EURUSD failed to break above 1.3444 resistance, and stayed in the trading range between 1.3333 and 1.3444, as long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3000 is still possible after consolidation. On the upside, a break of 1.3444 resistance will indicate that the downtrend had completed at 1.3333 already, then the following upward movement could bring price to 1.3550 area.
