EURUSD remains in the uptrend from 1.1717, the fall from 1.2323 is likely consolidation of the uptrend. Range trading between 1.2070 and 1.2323 is possible over the next several days. The uptrend could be expected to resume after the consolidation and a breakout of 1.2323 resistance could trigger another bullish movement towards 1.2400. Near term support is at 1.2165. A breakdown below this level could take price to next support level at 1.2070. Below here would aim the bullish trend line on the 4-hour chart. Only a clear break below the trend line support could signal completion of the uptrend.
