EURUSD continues its downward movement from 1.2692, and the fall extends to as low as 1.2235. Resistance is now at 1.2335, as long as this level holds, downtrend could be expected continue, and further decline towards 1.2000 is still possible. On the upside, a break above 1.2335 will indicate that lengthier consolidation of the downtrend is underway, then range trading between 1.2200 and 1.2400 could be seen.
