EUR/USD maintains a bullish outlook as long as it stays above the uptrend line, within the up channel. It has decreased a little in the short term but it has failed to retest the uptrend line signaling that the buyers are still very strong.
It has found support, demand, right below 1.2172 former high, resistance, and now is almost to reach 1.2221. Passing again above this line and above the former highs could really signal further growth.
Trading Conclusion!
EUR/USD moves in range only to accumulate more upside energy, to attract more buyers. It could still increase as long as it stays far above the uptrend line.
Jumping above the immediate highs and reaching at least 1.2140 could be seen as a buying opportunity with an immediate upside target at 1.2300. Also, the upside line of the up-channel is seen as an upside target.
