EURUSD remains in uptrend from 1.2624. Support is at 1.2930, followed by 1.2855, as long as these levels hold, uptrend could be expected to continue, and one more rise to 1.3500-1.3600 area is still possible after consolidation.
For long term analysis, EURUSD is in downtrend from 1.4939 (May 4, 2011 high). Further decline towards 1.1500 area is expected over the next several months.
