I think there's more to go

When you break support, it usually means something.

1.50 resistance on the GBP/USD ended up being a false breakout. Before that, we had the false breakout of the Dollar/Yen. This breakdown (EUR/USD), is not false. I just added a new short position and will look short term:

This from Marketnews:

MNI FX TECHNICALS: 20 April 2009 ---EURO-DOLLAR TECHS: Suffers Minor Test Of $1.2948 Fibonacci Level

RES 4: $1.3424 Minor res line 23 March,
RES 3: $1.3311 21-day moving average
RES 2: $1.3138 5-day moving average
RES 1: $1.3090 Low 10 Apr
CURRENT LEVEL: $1.2970
SUP 1: $1.2945/48 Hrly low, 61.8% of $1.2459 to $1.3739 advance
SUP 2: $1.2880 Projected channel support from Mar 23
SUP 3: $1.2761 76.4% retracement of $1.2459 to $1.3739 advance
SUP 4: $1.2506 Support line from 28 Oct

COMMENTARY: Euro has suffered a minor test of $1.4948 Fibonacci level -- 61.8% of $1.2459 to $1.3739 advance move. Downside risks persist as the daily studies continue to point south, and as yet still above historic levels of reversal. A projected channel support line implies weakness to $1.2880 near-term, but a longer-term support line favours $1.2506.