EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), and further decline to 1.0500 area is possible after the consolidation. On the upside, a breakout of 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.
