EURO spikes against US Dollar and then resumes its plunge

Following the July meeting of the ECB, the Euro plunged against the Dollar, as it had done in June, but recovered steadily over the following week. Yesterday it spiked and is today on the downside of that spike. The trend lines shows how it will (probably) progress in the coming weeks, targetting a low point of $1.34 or thereabouts on the present downswing.