The pair has found some support on top of the 1,3150 level in the beginning of the week, testing the 1,35 handle on friday.
The Euro has finished the week under pressure trading back below 1,34 which now exposes a resumption of the downtrend. Next main target remains the 1,30 psychological support.
We might see though a continuation of the consolidation over the coming days. But a break below 1,3150 would accelerate losses.
Provided by atf-forex-trading.com