As per the special report published yesterday, the trend in the EURUSD is viewed as down as long as price is below 1.34 (April 13 high). Near term, an a-b-c correction may be nearing completion. A likely end point for the correction is the 61.8% of the decline from 1.34, at 1.32. Coming under 1.3089 would suggest that a top is in place. A small correction followed by a spike into 1.32 seems like a probable scenario in order to form divergence with MACD on the hourly.
