EURUSD continued its downward movement from 1.4246, and the fall extended to as low as 1.3421. Further fall is still possible next week, and next target would be at 1.3200-1.3300 area. Key resistance is now at 1.3750, only break above this level could indicate that the fall is complete.
For long term analysis, EURUSD had formed a cycle bottom at 1.3146 on weekly chart. Further rise towards 1.5000 would likely be seen over the next several weeks.
