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EURUSD’s bounce from 1.2288 extends to as high as 1.2585. Another rise to test 1.2670 key resistance would likely be seen later today, as long as this level holds, the price action from 1.2288 could be treated as consolidation of the downtrend from 1.3283, and another fall towards 1.2000 is still possible after consolidation. On the upside, a break above 1.2670 will indicate that the downward movement from 1..3283 has completed at 1.2288 already, the the following upward movement could bring price back to 1.3000 zone.
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