EURUSD continued its sideways movement in a trading range between 1.1109 and 1.1295. The key support is at 1.1109, as long as this level holds, the sideways move could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and further rise towards 1.1450 is still possible after the consolidation. On the downside, a breakdown below 1.1109 support will signal completion of the uptrend, then the following bearish movement could take price back into 1.0800 zone.
