EURUSD broke above the channel resistance, indicating that the downward movement from 1.1052 had completed at 1.0713 already. Further rise to test 1.1052 resistance could be expected, a break of this level could bring price to 1.1150 – 1.1200 area. Support is at 1.0713, only break below this level could trigger another fall towards 1.0000.
![eurusd chart](https://www.forexcycle.com/wp-content/uploads/2015/20150403_EURUSD_1.png)