EURUSD broke above the descending trend line on its 4-hour chart, indicating that the short term downtrend from 1.2092 had completed at 1.1837 already. Further rally could be expected and next target would be at 1.2092 previous high, followed by 1.2165. Near term support is at 1.1837, only break below this level could trigger another fall towards 1.1662.
