EURUSD stays in a rising price channel and remains in uptrend from 1.3748. As long as the channel support holds, we’d expect uptrend to continue and further rise to 1.4500-1.4600 area could be seen in next several days. However, a clear break below the channel support will take price back to 1.3800 zone.
For long term analysis, EURUSD remains in long term uptrend from 1.2456, and the price action from 1.4338 is treated as consolidation of uptrend, further rise to 1.5000 zone is expected after consolidation.
