EURUSD remains in the uptrend from 1.1915, the fall from 1.2537 is likely consolidation of the uptrend. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to resume and a breakout of 1.2537 resistance could trigger another rise towards 1.2700. On the downside, a clear break below the bottom of the channel will suggest that the upside movement had completed at 1.2537 already, then the following downside movement could take price back to 1.2240 area.
