EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be expected after consolidation. On the downside, a breakdown below 1.2955 will suggest that the uptrend from 1.2747 had completed at 1.3242 already, then deeper decline to test 1.2747 support could be seen.
For long term analysis, EURUSD is in uptrend from 1.2042 (Jul 24, 2012 low), another rise towards 1.4500 could be expected after consolidation.
