Looking at EURUSD Chart, we can see after the impressive rally into the 1.147 range on the 14th of January, the consolidation never happened, leading to the reversal and the retraction, initially to the 1.14 range, where it attempted to hold on to on 17th but still unable to, it fell further down into the 1.132 where it found temporary support. It is currently found trading at 1.134.
Today we could expect a move towards the 1.138 range close to the resistance of 1.139.
If however, it does not manage to consolidate or hold above the 1.134 range then a move towards the temporary support of 1.322 could be expected.
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