EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1323. As long as the channel resistance holds, the bounce from 1.1226 could be treated as consolidation for the downtrend, further decline towards 1.1200 is still possible after the consolidation. Key resistance is at 1.1262, only break above this level could bring the price back towards 1.1350.
