EURUSD 1 June

The pair managed yesterday to break through resistance level at 1.12 which represents the upper line of the descending channel reaching 1.1255, and failed to exceed this level, if prices stayed higher than support at 1.1228 we expect prices will be heading to 1.1255 again, breaking it through would push the pair to levels of 1.13. Breaking current support would send prices lower again to 1.1185/60.