EUR/USD continues the downfall and does it in a very gradual manner. The fall from above 1.37 on Friday continued below 1.35 and more importantly, below the 2012 high of 1.3486. 
Worries about the stability of the Spanish government, the euro-zone’s growth prospects and a potential gloomy picture painted by Mario Draghi on Thursday all weigh on the common currency.
Below, the round number of 1.34 is another important line. It is followed by 1.3360. 1.3486 is now resistance, and is followed by 1.3588 which capped the pair during the previous week.
For more, see the EURUSD forecast.
Update: Elliott Wave Analysis: Bearish Reversal- Respect the Price Action
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