EURUSD trades in a range between 1.2706 and 1.3093. Moving sideways without trend in this range is expected in a couple of days. The price action from 1.2764 (Jan 23 low) is more likely consolidation of the medium term downtrend from 1.4719 (Dec 18, 2008 high). Further fall is expected after the sideways consolidation, and a break below 1.2706 will signal deeper decline towards 1.2500 area.
