EURUSD is testing the support of the lower border of the rising price channel on 4-hour chart. A clear break below the channel support will signal deeper decline to test 1.3793 key support. As long as 1.3793 support holds, we’d expect uptrend to resume and one more rise towards 1.4600 is still possible. However, below this level will suggest that the rise from 1.2884 has completed at 1.4338 already, and then deeper decline could be seen to 1.3550-1.3600 area.
