EURUSD remains in the downtrend from 1.2413, the bounce from 1.1822 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1750 area. The key resistance is at 1.1940, only a breakout of this level could signal completion of the downtrend.
