EURUSD remains in downtrend from 1.3411, further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area. Near term resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend will continue. Key resistance is at 1.3220, only break above this level could signal completion of the downtrend.
