EURUSD is forming a sideways consolidation in a range between 1.3191 and 1.3436. Further rally is expected to 1.3500 zone after consolidation. Initial support is at the lower border of the price channel on 4-hour chart and key support is now located at 1.3191, a break down below this level will indicate that the uptrend from 1.2884 has completed at 1.3436 level already, and the following downtrend will take price back to 1.3000-1.3050 area.
