EURUSD trades in a range between 1.2732 and 1.3028. As the rising price channel is broken below, lengthier sideways movement in the range would more likely be seen in a couple of days and one more fall to 1.2600 area to reach the next cycle bottom is still possible. Key resistance is at 1.3028, a break above this level will indicate that the consolidation of uptrend is complete, then another rise to 1.3200-1.3300 area could be seen.

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