EURUSD broke below 1.2335 support, suggesting that lengthier consolidation for the uptrend from 1.1554 (Nov 7, 2017 low) is underway. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2165. On the upside, a breakout of the trend line resistance could trigger another rise to towards 1.2537 resistance.
