Hello and good morning friends
Lets take a look on EURUSD from weekly to H4 on presented charts.
Weekly: we have well defined downtrend channel from 1.4940 to 1.2620, dynamic channel resistance currently located around 1.3000. Also decline from 1.3486 to 1.2495 is near 61.8% projection of 1.4240 to 1.2620 decline. So 1.2460/2500 is a potential level for consolidation phase between 1.2500 and 1.3000.
Daily: Decline from 1.3285 to 1.2495 is 161.8% projection of 1.3485-1.3000 move, again 1.2500 level represent point of consolidation phase too. This is in conjugation with current daily oversold condition. Consolidation could be below 1.2800 resistance.
H4: In H4 we are in downtrend channel drawn from 1.3285 as yet, resistance today is located around 1.2630/50 area, multiple attempt to touching this resistance was failed by 1.2620 resistance. Another recovery today to this level is expected again. Hence putting together 1.2480/2500 is temporary base for Euro at least for coming days (even 2-3 weeks), so bullish move is expected to play rule with 1.2640 and then 1.2700, 1.2800 as next resistances.