EUR/USD at the 1.3800 level.

The EURUSD may bounce to the upside from the 1.3600 level, but we must admit that there is a strong bearish momentum in place.
 
Eur/usd has tested 1.3582 today, and bounced back to 1.36 level, giving the weakness of the euro it may continue to move down.
 
Real action is next week. The next week will define the rest of the month. (ECB, Nonfarm payrolls, EU GDP)
 
if we get continuation of the EURUSD to the upside, we could see a visit of the 1.3700 from where a possible bounce to the downside may occur.
 
I think EURUSD will range from 1.3600 to 1.3642 until Thursday at the ECB Monetary policy statement and press conference.
 
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