EURUSD remains in uptrend from 1.2747 (Apr 4 low), the fall from 1.3832 is treated as consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to resume, and one more rise towards 1.4000 is still possible after consolidation. On the downside, a clear break below the channel support will indicate that the uptrend from 1.2747 had completed at 1.3832 already, then the following downward movement could bring price to 1.2500 zone.
