EURUSD is forming a triangle pattern on 4-hour chart. The price action from 1.2329 is treated as consolidation to down trend. Deeper decline is expected to 1.2000 zone. Initial support is at the up trend line from 1.2329 to 1.2526, a break down below the trend line support will signal resumption of down trend. Initial resistance is at 1.3115 and key resistance is located at 1.3290, above 1.3290 will indicate that the down trend from 1.4867 (Sep 22 high) has completed.
