EURUSD remains in uptrend from 1.3748 and the price action from 1.4843 is more likely consolidation of uptrend. Range trading between 1.4484 and 1.4843 is expected next week, and another pullback towards 1.4484 is possible. As long as 1.4484 support holds, we’d expect uptrend to resume and further rise to 1.5000 zone could be seen after consolidation.
For long term analysis, EURUSD remains in long term bullish movement from 1.2456, further rise is possible to 1.5200-1.5500 area in next several weeks.
