Being contained by the mentioned support of 1.3416, EURUSD rebounds from 1.3418 level. However, lengthier consolidation is still possible in a couple of days and further pullback is expected to test 1.3250 key support, below this level will indicate that the rise from 1.2456 (Mar 4 low) has completed at 1.3738 already, and then deeper decline could be seen to 1.2950 zone. Near term resistance is located at 1.3738, a break above this level will suggest that the medium term uptrend from 1.2456 has resumed and the next short term target would be at 1.4000-1.4100 area.
