EURUSD is in up trend, as long as the trend line (from 1.3550 to 1.4125) support holds, we’d expect rally to continue and firm break of 1.4600 will encourage further rally towards 1.5000. On the other side, the pair reached to the top of the price channel on weekly chart, pullback towards 1.4000 area is still possible, and a break below the up trend line from 1.3550 to 1.4125 will confirm such case. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.5000 to reach the next cycle top on weekly chart can be seen.
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