EURUSD continued its downward movement from 1.3411, and the fall extended to as low as 1.2881. Further decline could be expected, and next target would be at 1.2800 area. Near term resistance is at 1.2985, and the key resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance will signal completion of the downtrend.
