EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.1110 could be treated as consolidation for the downtrend from 1.1323, another fall towards 1.1050 could be expected after the consolidation. On the upside, a breakout of the trend line resistance would suggest that the downside movement had completed at 1.1110 already, then the pair would find next resistance at 1.1230, followed by 1.1260.
