EURUSD moved sideways in a trading range between 1.1724 and 1.1815. As long as the price is in the bullish price channel on the 4-hour chart, the sideways move could be treated as consolidation for the uptrend from 1.1526 and further rise to 1.1850 area is still possible. On the downside, a breakdown below the bottom of the channel would suggest that the upside movement had completed at 1.1815 already, then the following downside movement could bring the price back to next support level at 1.1618.
