EURUSD remains in uptrend from 1.3146

EURUSD remains in uptrend from 1.3146, the pullback from 1.3833 is treated as consolidation of uptrend. Support is now at 1.3650, as long as this level holds, uptrend could be expected to resume, and another rise to 1.3950 area is still possible after consolidation. However, a breakdown below 1.3650 support could indicate that a cycle top has been formed at 1.3833 on 4-hour chart, and the rise from 1.3146 has completed.

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