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.

width=400