Being contained by the previous low support at 1.5342 (Mar 24 low), EURUSD rebounded at 1.5360. Further rise to test 1.5643 is possible in a couple of days. As long as 1.5643 resistance holds, we’d expect down trend to resume, and fall towards 1.5000 area is in favor after consolidation.
http://blog.forexcycle.com/757/daily...is-may-6-2008/