Being contained by 1.1510 support, EURUSD rebounded from 1.1543. However, the bounce is likely consolidation for the downtrend from 1.1851, another fall to test 1.1510 support is possible after the consolidation and a breakdown below this level could trigger further downside movement towards 1.3000. Resistance is at 1.1670, only a breakout of this level could signal completion of the downtrend.
