EURUSD continues its sideways movement in a range between 1.2803 and 1.3071. Support is at 1.2803, as long as this level holds, the price action from 1.3171 is treated as consolidation of the uptrend from 1.2042, one more rise towards 1.3500 could be expected after consolidation. Resistance is at 1.3071, a break above this level could signal resumption of the uptrend. On the downside, as long as 1.3071 resistance holds, the price action from 1.2803 could possibly be consolidation of the downtrend from 1.3171, another fall to 1.2700 area is possible.
