EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed. Further decline could be expected, and next target would be at 1.2200 area. Near term resistance is at 1.2570, only break above this level will indicate that lengthier consolidation for the downtrend from 1.3700 is needed, then further rise to 1.2780 area could be seen.
