EURUSD stays above the upward trend line

EURUSD stays above the upward trend line from 1.2042 to 1.2134, and remains in uptrend, the price action from 1.2389 is treated as consolidation of the uptrend. Another rise towards 1.2600 is still possible after consolidation, and a break above 1.2442 could signal resumption of the uptrend. On the downside, a clear break below the trend line support will indicate that the rise from 1.2042 has completed, and the longer term downtrend from 1.3486 (Feb 24 high) has resumed, then further decline towards 1.1700 could be seen.