EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.2569 is needed, range trading between 1.1754 and 1.1975 could be seen in a couple of days. Resistance is at 1.1975, as long as this level holds, the downtrend could be expected to resume, and another fall to 1.1500 area is still possible.
