EURUSD is forming a sideways consolidation in a range between 1.0462 and 1.1045. The sideways movement could be expected to continue over the next several days. As long as 1.1045 resistance holds, the long term downtrend from 1.3993 (May 8, 2014 high) could be expected to resume, and one more fall towards 1.0000 is still possible.
