EURUSD failed to test 1.3738 (Mar 19 high) resistance and formed a short term cycle top at 1.3721 level on 4-hour chart. Range trading between 1.3400 and 1.3721 is now in favor and pull back to test the support of the lower border of the price channel is expected later today. Near term resistance is at 1.3721, above this level will indicate that the uptrend from 1.2884 has resumed and further rally could be seen to 1.3900 zone.
