EURUSD stays in a price channel on daily chart. As long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of the channel is possible. Key resistance is located at 1.4535, only break above this level will trigger another rise towards 1.4939 previous high.
For long term analysis, EURUSD is in consolidation of uptrend from 1.1876 (2010 low). Range trading between 1.3600 and 1.4939 is expected in next several weeks.
