Yesterday, EUR/USD briefly rose and then fell again, resuming the downtrend as expected. The lower target starts with the test of 1.0333 and after breaking below this level, the next major target is seen at 1.0250. Meanwhile, the 50-cycle exponential moving average continues to support the downtrend. However, if EUR/USD rises above 1.0475, further gains may be possible, and the upside target will look to 1.0563. Today I expect EUR/USD to trade between 1.0310 and 1.0460.