EURUSD formed a short term cycle bottom at 1.4438 level and rebounded to as high as 1.4648. Further rally towards 1.4800 area to reach the next cycle top on 4-hour chart is still possible in a couple of days. Near term support is at the up trend line, as long as the trend line support holds, we’d expect up trend to continue. Key support is at 1.4438, only break of this level will signal the resumption of the down trend.