EUR/USD Technical Analysis

EURUSD reversed from 74.6% (1.2563) of 1.2442-1.2746, target
1.2825-1.2932. EURUSD is forming channel on 1hr chart and also above 200EMA,
targeting toward 1.2790-1.2820 in intraday.Break of 1.2710 next taregt will be
1.2750 small resistance and then 1.2790-1.2820.

Break of 1.2660, downside will go toward 1.2640-1.2610 as
trendline pass and possible back from there.In EURUSD buyer will come from
1.2640-1.2610.Break of 1.2610, next target will be 1.2585-1.2540. On the basis
of channel, up move possible on toward 1.2790-1.2820.

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