EURUSD remains in the short term uptrend from 1.1554, the fall from 1.1860 is likely consolidation of the uptrend. Near term support is at 1.1740, as long as the price is above this level, the uptrend could be expected to resume and further rise to test 1.1879 key resistance is still possible after the consolidation. A breakout of this level will confirm that the downside movement from 1.2092 (Sep 8 high) had completed at 1.1554 already, then next target would be at 1.2000 area. On the downside, a breakdown below 1.1740 support could bring price back to the resistance-turned-support level at 1.1690. Below here could trigger further downside movement towards 1.1554, followed by 1.1400.
