EURUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.2661. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Support is at the trend line, only a clear break below the trend line could indicate that the uptrend has completed, then the following downward movement could bring price back to 1.2800 zone.
For long term analysis, EURUSD had formed a cycle bottom at 1.2042 on weekly chart. Further rise towards 1.4000 could be expected over the next several months.
