EURUSD remains in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend. Another fall to test 1.2500 is still possible after consolidation, a breakdown below this level will signal resumption of the longer term downtrend from 1.3700 (Jul 1 high), then next target would be at 1.2200 area. Resistance levels are at 1.2800 and 1.2867, only break above these levels could trigger another rise to 1.3000 area.
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