EURUSD has challenged support at 1.1750 area and price now back up above 1.18 again. Price remains inside the bullish channel. Price is bouncing off key support and this is a promising sign that bulls are not giving up. We remain bullish as long as price is above 1.1750.
Pink line - support trend line
Green rectangle - target if channel holds
EURUSD is holding above the pink support trend line and inside the lower channel boundary. As we have been saying, EURUSD remains in a bullish trend as long as price is inside the channel and above 1.1750. Breaking below will open the way for a pull back towards 1.1650-1.16 at least.
