EURUSD’s uptrend extends to 1.2667

EURUSD’s uptrend from 1.2150 extends further to as high as 1.2667 level. As long as 1.2480 key support holds, uptrend is expected to continue and next target would be at 1.2750-1.2800 area. On the other side, the pair is facing the upper boundary of a rising price channel on 4-hour chart, pullback to the lower boundary of the channel is still possible, however, a break below 1.2480 support is needed to confirm such case.

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