Being support by the price channel, EURUSD rebounded from 1.4519. Sideways consolidation will more likely be seen, and pullback below 1.4519 is still possible before breaking of 1.4751 level. Key resistance is at 1.4751, a break above this level will signal the resumption of the up trend.
http://blog.forexcycle.com/646/short...ember-15-2007/