EURUSD remains in downtrend from 1.3415

EURUSD remains in downtrend from 1.3415, the bounce from 1.2985 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and a breakdown below 1.2985 could signal resumption of the downtrend. Key resistance is now at 1.3100, only break above this level will suggest that the downtrend from 1.3415 had completed at 1.2985 already, then the following upward movement could bring price to 1.3600 zone.


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