EURUSD continues its sideways movement in a narrow range between 1.3709 and 1.3810. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3296 (Nov 7 low), and one more rise to test 1.3832 (Oct 25 high) resistance is still possible. On the downside, a clear break below the channel support will indicate that uptrend from 1.3296 had completed at 1.3810 already, then the following downward movement could bring price back to 1.3400 zone.
