The EUR/USD pair has bounced from 1.1001, extending to a high of 1.1146 and breaking above the resistance of the falling price channel on the 4-hour chart. This movement indicates that the downside move from 1.1201 has likely completed at 1.1001.
Currently, the pair is in an uptrend from 1.1001, and the pullback from 1.1146 is seen as consolidation for this uptrend. In the upcoming days, range trading between 1.1070 and 1.1146 is anticipated.
As long as the support at 1.1070 holds, the upside movement from 1.1001 is expected to resume. A breakout above the 1.1146 resistance could trigger further gains toward the 1.1200 level, with targets extending to the 1.1240 area.
Initial support is set at 1.1105. A breakdown below this level could lead the price back to the 1.1070 support.
Traders should monitor these key levels as the market evolves.