EUR/USD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and the next target could be at the 1.2000 area. On the downside, the price reached the top of the channel, pullback to the bottom trend line would likely be seen in a couple of days. A clear break below the bottom trend line could bring the price to test 1.1613 support. Below this level will confirm that the uptrend had completed at 1.1845 already, then a deeper decline to the 1.1500 area could be seen.
