EURUSD, May 14th 2014

This pair has made a big drop since last week, at least this pair has made a more than 200 pips decline and now the price is bottomed above its key support at 1.3700. This is a key level to watch since there was a lot of reversal or big move starts from this area. If price can't break this key support, we could expect the price to move higher to the key resistance at 1.3792 area, but if the price can't maintain its position above the support and made an obviously massive bearish candle which break the key support, we could expect another big drop to the next key support at 1.3592 area.