EURUSD moved sideways above the support level at 1.1823. As long as this level holds, the fall from 1.2070 could be treated as consolidation of the short term uptrend from 1.1662.
EURUSD moved sideways above the support level at 1.1823. As long as this level holds, the fall from 1.2070 could be treated as consolidation of the short term uptrend from 1.1662, and further rise towards 1.2165 is still possible after the consolidation. On the downside, a breakdown below 1.1823 support will confirm that the uptrend had completed at 1.2070 already, then the pair would find next support at 1.1662.
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