EURUSD breaks above 1.3336 resistance, suggesting that a short term cycle bottom has been formed at 1.3026 level on 4-hour chart, and the fall from 1.3797 has completed. Consolidation in a range between 1.3026 and 1.3390 is expected in a couple of days. Initial support is located at 1.3210 followed by 1.3026, only fall below 1.3026 will signal resumption of the medium downtrend from 1.4719.
