EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.2092. Near term support is at the bottom trend line of the price channel on the daily chart. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 1.2165, followed by 1.2700. Key support is at 1.1662, only a breakdown below this level could signal completion of the uptrend.
