EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1285. As long as the channel resistance holds, the bounce from 1.1026 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.1000 area. Only break above the channel resistance could signal completion of the downtrend.
