EURUSD continued its sideways movement in a trading range between 1.2165 and 1.2323. As long as 1.2165 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1915 and further rise towards 1.2400 is still possible after the consolidation. Near term resistance is at 1.2323, a breakout of this level could signal resumption of the uptrend. On the downside, a breakdown below 1.2165 support will indicate that lengthier consolidation for the uptrend from 1.1717 is underway, then the pair would find next support level at 1.2070. Below here would aim the bullish trend line on the 4-hour chart.
