EURUSD looking to take a further dip towards 1.4525 level

EURUSD is moving in a nice downward trend and this trend seems to remain the same way for next few days as well. Although a good long term resistance can be seen around 1.4575 level but we might see it taken out early this week.

Currently some good selling levels can be seen in between 1.4650 and 1.4780 levels. Generally traders will look to enter to target primarily below 1.4600 level and will expect it to extend towards 1.4525 level.

Break of 1.4525 will confirm downward trend in longer version therefore short term traders will exit and wait till EURUSD settles itself in longer trend.