EURUSD might be forming a short term cycle top at 1.3080 level on 4-hour chart. Key support is at 1.2803, a break down below this level will confirm the cycle top, and the following down trend will bring price back to retest 1.2329 (Oct 28 low) support. Only rise above 1.3080 previous high will signal further rally towards 1.3290 (Oct 30 high) resistance.
