EURUSD moved sideways in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), as long as 1.1147 resistance holds, the downside movement could be expected to resume, and further decline to 1.0500 area is possible after the consolidation. Only break above 1.1147 resistance would indicate that the downside movement had completed at 1.0635 already, then the following upside movement could take the price to 1.2000 zone.
