EURUSD is testing the resistance of the price channel on daily chart, a clear break above the channel resistance will indicate that the uptrend from 1.3837 has resumed, then further rise towards 1.4939 previous high could be seen. However, as long as the channel resistance holds, one more fall to 1.3900 area is still possible.
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.
