EURUSD surged to the upside and hit resistance at 1.2080.
Daily candle close yesterday shows a red candle, a reaction to resistance level at that zone.
Pair may correct to the downside towards the 23.8 Fib level before continuing to the upside.
Resistance at 1.2080 needs to be broken for momentum to continue to pick up.
First support level at the 1.1956 zone.
Slanting line of the uptrend channel may provide next support.
MACD Histogram: In green and above zero line. Up cycle.
Pair may retrace lower.
Look to join the trend to the upside when price hits lower levels. First level at 23.6 Fib level. 2nd level at dynamic support.