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EUR/USD rebounds notably today but the upside is limited well below 1.1790 resistance. Intraday bias remains neutral first. Consolidation pattern from 1.1509 is still in progress. In case of stronger recovery, upside should be limited by 1.1851 resistance to bring fall resumption eventually. On the downside, decisive break of 1.1507 low will resume a larger downtrend from 1.2555 through 50% retracement of 1.0339 to 1.2555 at 1.1447.[url=https://www.actionforex.com/wp-content/uploads/2018/07/eurusd20180731b1.png][/url] EUR/USD rebounds notably today but the upside is limited well below 1.1790 resistance. Intraday bias remains neutral first. Consolidation pattern from 1.1509 is still in progress. In case of stronger recovery, upside should be limited by 1.1851 resistance to bring fall resumption eventually. On the downside, decisive break of 1.1507 low will resume a larger downtrend from 1.2555 through 50% retracement of 1.0339 to 1.2555 at 1.1447.[url=https://www.actionforex.com/wp-content/uploads/2018/07/eurusd20180731b1.png][/url] 