As expected, EURUSD drops below 1.3112 previous low support, and the fall from 1.3581 extends further to 1.3089 level. Deeper decline is still possible to 1.2900-1.3000 area. Near term resistance is at the falling trend line from 1.3581 to 1.3335, and the key resistance is now located at 1.3335, as long as this level holds, we’d expect the downtrend to continue.
