EURUSD extended its upside movement from 1.1554 to as high as 1.2323. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.2700 area. Near term support is at 1.2070, only a breakdown below this level could bring price back towards the bullish trend line. A clear break below the trend line will indicate that the upside movement had completed at 1.2323 already, then the pair would find next support level at 1.1915, followed by 1.1717.
