EURUSD remains in downtrend from 1.2867, as long as 1.2750 resistance holds, the rise from 1.2613 could be treated as consolidation of the downtrend. Another fall to test 1.2500 support could be expected after consolidation, a breakdown below this level will signal resumption of the longer term downtrend from 1.3700 (Jul 1 high), then next target would be at 1.2200 area. Only break above 1.2750 resistance could signal completion of the downtrend.
