EURUSD rebounds from 1.3793 level. Range trading between 1.3793 and 1.4050 is now in favor. As long as 1.4050 resistance holds, we€™d expect lengthier consolidation to continue and one more fall to test the support of the lower border of the price channel on 4-hour chart is possible. On the other side, the rise from 1.3793 could possibly be resumption of uptrend, and a break above 1.4050 previous high will confirm such case, then the next target would be at 1.4200 level.
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