EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.2241. Initial support is at the trend line, as long as the trend line support holds, uptrend could be expected to continue, and further rise to 1.2700 is possible. Key support is at 1.2465, only break below this level will indicate that lengthier consolidation of the longer term uptrend from 1.2042 is underway, then deeper decline to 1.2400 area to complete the consolidation could be seen.
