EURUSD broke above the channel resistance, indicating that the downtrend from 1.1279 had completed at 1.0851 already. Further rally could be expected in a couple of days, and next target would be at 1.1050 area. Support levels are at 1.0925 and 1.0850, only break below these levels could trigger another fall towards 1.0700.
![eurusd chart](https://www.forexcycle.com/wp-content/uploads/2016/20161031_EURUSD_1.png)