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EUR/USD reversed in price last week was very briefly and price closed near temporary low at 1.3359, this action clearly states that down term bias is strong and price should extend further down, this move also signals that there is no signal for reversal and price is heading towards FE 1.618%. Our vision for next week intraday bias is on down move and we expect price to go further down. Further decline would now be seen to 1.2878 support first .
Reverse to be confirmed , EUR/USD must retest and break above lower leg of rising channel which is currently resistance. In that case, price should target towards 1.4283 key resistance level and will flip back bias to bullish.
