EURUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.2747, the fall from 1.3832 is likely consolidation of the uptrend. Range trading between 1.3296 and 1.3832 could be expected to continue over the next several weeks. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to resume, and one more rise towards 1.4500 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 back to 1.2500 zone.
