EURUSD broke above the price channel and may be bottoming on 4 hours chart, key resistance is at 1.2739, a break above this level may label the cycle bottom at 1.2648. On the other side, EURUSD may be forming a sideways consolidation to the down trend, in a rage between 1.2648 and 1.2739, key support is at 1.2648, a break below this level may signal the resumption of the down trend.
http://www.forexcycle.com/eurusd.html