EUR/USD’s continuous decline has clearly indicates the recovery from 1.1235 has completed at 1.1515 already. It's suppressed by 1.1320 and bias is cautiously back on the downside for 1.1270 support first, the 78.6% retracement of 1.1420 to 1.1235. Further decline should be seen to 1.1235. On the upside, though, break of 1.1320 will turn focus back to 1.1345 and 1.1370 resistance instead.
The target is 1.1240. Turning point: 1.1320. Under 1.1320, bearish , target price is set at 1.1270, then 1.1240. Above 1.1320, bullish , target price is 1.1345,then 1.1370.
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