EURUSD trades around the upper border of the rising price channel on daily chart, a clear break above the channel resistance will signal a great move towards 1.5100-1.5200 area. Near term support is at 1.4515, below this level will indicate that a cycle top has been formed on daily chart and pullback towards the lower border of the price channel could be seen to follow.
For long term analysis, EURUSD remains in long term uptrend from 1.2456, further rise is possible to 1.5200-1.5500 area in next several weeks.
