#EURUSD and 1.3500

EURUSD is still around 1.3500. Key levels to watch are 1.3500, 1.3550 and 1.3450. At 1.3550-60 zone 50% retracement of recent move down (1.3830-1.3290) is located that coinsides with top of channel (bearish flag). 1.3450 coinsides with bottom of this channel. Breaking 1.3500 to the downside will be important and might be the first sign of EURUSD weakness that starts another move down towards 1.3300 and 1.3000.