EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2994, the rise from 1.2570 is likely consolidation of the downtrend. Resistance is located at the upper line of trend line, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.2400 area. Only a clear break above the trend line resistance could signal completion of the downtrend.
