FX.co ★ EUR/USD

A quite tense moment is unfolding right now on the EURUSD currency pair, at least for me. If the bulls continue to storm the upper boundary of the bearish channel and manage to establish themselves above it, the chances of them continuing the price increase towards the maximum of 1.16924 will increase. Moreover, a breakout above 1.16924 could open up medium-term upside targets, leading to a rise towards the resistances at 1.17782–1.17869 and beyond. Overall, looking at the big picture, the bulls have decent chances for an upward move. We will soon see what reality will show.