EURUSD remains in downtrend from 1.0828, the price action from 1.0521 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair stays in the channel, the downtrend could be expected to resume and further decline to 1.0400 area is still possible. Key resistance is at 1.0679, only break above this level could signal completion of the downtrend.
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