EURUSD is facing 1.1534 resistance, a break of this level will indicate that lengthier consolidation for the downtrend from 1.2569 (Dec 16, 2014 high) is needed, then further rise to 1.1650 – 1.1700 area could be seen. Support is at 1.1260, below this level will signal resumption of the downtrend from 1.2569, then the following downward movement could bring price to 1.0500 area.
