EURUSD stays in a bullish price channel on its 4-hour chart, suggesting that the pair remains in the short term uptrend from 1.2239. As long as the channel support holds, the fall from 1.2476 could be treated as consolidation for the uptrend and another rise towards 1.2555 previous high is still possible after the consolidation. The key support is now at 1.2372, only a breakdown below this level could bring price back towards 1.2155 support.
