After touching the upper border of the price channel on daily chart, EURUSD pulled back again, suggesting that lengthier consolidation of uptrend from 1.3837 is underway. Deeper decline could be seen next week, and target would be at 1.3900-1.4000 area.
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.
