EUR/USD 1H Chart: Channel Up

We continue to observe development of the bullish channel on a EUR/USD chart. The currency pair, as expected, respected the rising resistance line and is currently headed towards the lower boundary of the corridor at 1.3233. This in turn is supposed to initiate a rally that should encounter and eventually overcome obstacles at 1.3266 and 1.3292. And even though the technical studies are supporting this course of events, SWFX traders doubt the Euro's ability to appreciate, considering that only 39% of them are bullish on the common currency. The majority is currently bearish on the pair, namely 61%.