EURUSD is facing 1.3146 support, as long as this level holds, we’d expect uptrend to resume, and one more rise towards 1.5000 is still possible. On the other side, a breakdown below 1.3146 key support will indicate that the downtrend from 1.4939 has resumed, then the following bearish movement could bring price to 1.1500 area.
For long term analysis, EURUSD had formed a cycle bottom at 1.3146 on weekly chart. Further rise towards 1.5000 would likely be seen over the next several weeks.
