EURUSD remains in uptrend from 1.0494

[forexcycle]

EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hours chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.0900 area. Key support is at 1.0705, only break below this level could signal completion of the uptrend.