EURUSD is in up trend. The rise from 1.3360 extended to as high as 1.4503. Near term resistance is at price channel on weekly chart, now at 1.4550, if gives way, further rise towards 1.4600 can be seen in the next several days. Near term support is at the up trend line from 1.3550 to 1.4125, and as long as the trend line support holds, up trend will continue. 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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