EUR/USD continued its sideways movement in a trading range between 1.1725 and 1.1879. The sideways movement is likely a consolidation of the short term uptrend from 1.1669.
Another rise could be expected after the consolidation. A breakout of 1.1879 resistance could signal resumption of the uptrend, then the next target would be at 1.2029. Only a breakdown below 1.1725 support could trigger another fall towards the resistance-turned-support trend line on the weekly chart now at around 1.1400.
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