EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2500 had completed at 1.2867 already. Further decline to test 1.2500 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.3700 (Jul 1 high), then next target would be at 1.2200 area. Resistance is at 1.2750, only break above this level could trigger another rise to 1.2950 area.
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