EURUSD is facing the resistance of the upper border of the 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 still possible. On the upside, a clear break above the channel will indicate that the fall from 1.4939 had completed at 1.3837 already, then further rise towards 1.4939 previous high could be seen.
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.
