EURUSD is facing 1.2698 resistance, a break of this level will indicate that the downtrend from 1.2994 had completed at 1.2500 already, then further rise to 1.2850 area could be seen. On the downside, as long as 1.2698 resistance holds, the rise from 1.2500 would possibly be consolidation of the downtrend, another fall to 1.2200 area is still possible.
