EURUSD broke below the rising trend line on the daily chart and continued its sideways movement in a trading range between 1.1695 and 1.2010.

As long as 1.1695 key support holds, the sideways movement could be treated as consolidation for the uptrend from 1.0635 and a further rise towards 1.2300 area is possible after the consolidation.

Only a breakdown below 1.1695 support would indicate that the upside movement had completed at 1.2010 already, then a further decline to 1.1300 area could be seen.