The EUR/USD is staying above an upward trend line on 4-hour chart, remaining in uptrend from 1.2796. The fall from 1.3305 is treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to resume, and one more rise towards 1.3500 is still possible after consolidation. On the downside, a clear break below the trend line support will suggest that a lengthier consolidation of the uptrend is underway. It may be possible to see a deeper decline to the 1.3100 area.