EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of the uptrend and deeper decline to the bottom of channel is possible. Near term support is located at the bottom of the channel now at around 1.1535. As long as the channel support holds, the uptrend could be expected to resume and another rise towards 1.2165 is still possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.
