EURUSD is forming a cycle bottom at 1.2969 level on 4-hour chart, consolidation of downtrend is expected to continue and range trading between 1.2969 and 1.3600 would likely be seen in a couple of weeks.
For long term analysis, EURUSD had formed a cycle top at 1.4281 level on weekly chart. Deeper decline towards 1.1876 previous low is expected in next several weeks.
