EURUSD has been sitting at the perfect spot technically, supported strongly as price bounces off strong trend line channel made off bottom in October 2000 and June 2001. Connected and then mirrored lower, formed a clear and strong channel, which EURUSD is certainly respecting it to the point. We will see demand in the EUR currency over the summer and trade is ready to be deployed with a tight SL comparing to a target profit little under 500 pips at 1.17800.