EURUSD continued its downside movement from 1.1961, and the fall extended to as low as 1.1761. Further decline would likely be seen and next target would be at 1.1712 support. A breakdown below this level could trigger further downside movement towards 1.1554, followed by the resistance-turned-support trend line on the weekly chart now at around 1.1390. Near term resistance is now at 1.1850, only a break of this level could bring price back towards 1.1961. Above this level would aim 1.2092 (Sep 8 high).
