EURUSD 4HR and Daily M !!

FX:EURUSD   Euro / U.S. Dollar
EUR went above 1.14 are few times where it was rejected and it closed the week below 1.14.
There is a clear M formation on the 4hr time frame and is currently forming the second leg of an M formation on the daily time frame .
We can expect the pair to drop further if US Dollar index strengthens further.
Upcoming news on EUR on Thursday may affect the current trend for the pair but there is no indicator showing a further upward trend!