EURUSD breaks below 1.2706 previous low support, suggesting that the medium term downtrend from 1.4719 (Dec 18, 2008 high) has resumed. Deeper decline is expected to 1.2500 zone in a couple of days. Initial resistance is now at 1.2942, only rise above this level will indicate that the short term downtrend from 1.3093 has completed.