EURUSD consolidates in a narrow range between 1.2824 and 1.3085. Deeper decline is still possible after consolidation, and a break below 1.2824 will signal further fall to 1.2650 zone. Initial resistance is at 1.3085, and key resistance is at 1.3385, a break above this level will indicate that the medium term downtrend from 1.4719 has completed, and the following rebound will take price to 1.4000 zone.
