FX.co ★ EURUSD bulls step in and price holds inside the bullish channel

EURUSD has challenged support at 1.1750 area and price now back up above 1.18 again. Price remains inside the bullish channel. Price is bouncing off key support and this is a promising sign that bulls are not giving up. We remain bullish as long as price is above 1.1750.

Pink line - support trend line

Green rectangle - target if channel holds

EURUSD is holding above the pink support trend line and inside the lower channel boundary. As we have been saying, EURUSD remains in a bullish trend as long as price is inside the channel and above 1.1750. Breaking below will open the way for a pull back towards 1.1650-1.16 at least.