EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.1754. Further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance levels are at 1.1880 and 1.1975, only break above these levels could signal completion of the downtrend.
![eurusd chart](https://www.forexcycle.com/wp-content/uploads/2015/20150109_EURUSD_1.png)