EURUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, we’d expect uptrend to resume, and another rise to 1.2600 area is still possible. On the downside, a clear break below the trend line will indicate that the rise from 1.2134 has completed at 1.2442 already, then the following downward movement could bring price to 1.1700 area.
