EURUSD might be forming a short term cycle top at 1.4001 level on 4-hour chart. Moving lower to test 1.3748 key support is expected later today. A break below this level will indicate that the downtrend from 1.4338 has resumed. Then deeper decline could be seen to follow, and target would be at 1.3500 zone. Near term resistance is at 1.4001, only rise above this level will signal further rally to 1.4050-1.4100 area.