EURUSD’s fall from 1.0714 extended to as low as 1.0600. Deeper decline to test the support of the ascending price channel on 4-hours chart is possible. A clear break below the channel support will confirm that the downtrend from 1.0828 has resumed, then next target would be at 1.0400 area. On the upside, as long as the pair stays in the channel, the fall from 1.0714 would possibly be correction of the uptrend from 1.0494, one more rise to 1.0750 area to complete the upward movement is still possible.

EURUSD 4-hours Chart


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