EURUSD remains in uptrend from 1.2150 and the fall from 1.2722 is more likely consolidation of uptrend. As long as 1.2480 key support holds, another rise to 1.2800 is still possible after consolidation. Only fall below 1.2480 will suggest that the rise from 1.2150 has completed at 1.2722 already, then the following downward movement could bring price to the lower boundary of the price channel on 4-hour chart.

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