Technical Analysis – EUR/USD

The EUR/USD prices have shown a strong upward movement in the past few hours, and they have breached the levels of the ascending price channel. If the price remains above these levels around 1.0910 and holds steady, there will be a strong buying opportunity with targets reaching 1.0960 as the first goal. However, if the price falls below and breaks these levels, selling and a downward movement are more likely.