EURUSD remains in the downtrend from 1.1570, the bounce from 1.1336 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 1.1300 area. On the upside, a breakout of the trend line resistance could bring the price back to test the key resistance level at 1.1425, above this level could trigger another upside movement towards 1.1600.
