EURUSD continued its sideways movement in a trading range between 1.1110 and 1.1270. The sideways movement is likely consolidation for the downtrend from 1.1570. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected to resume, a breakdown below 1.1110 support could trigger another fall towards 1.1000, only a breakout of the trend line resistance could signal completion of the downtrend.
