By | January 04 2010 5:52 AM

EUR/USD's sideway consolidation from 1.4217 is still in progress and intraday bias remains neutral for the moment. While another rise cannot be ruled out, we'd continue to expect upside of the consolidation to be limited by 38.2% retracement of 1.5143 to 1.4217 at 1.4571 and bring resumption of fall from 1.5143. Break of 1.4217 will target 38.2% retracement of 1.2329 to 1.5143 at 1.4068 next.