EUR gain to 1.1560EUR/USDOANDA:EURUSDMMBTtraderEURUSD touched the channel support yesterday and has since stopped dumping, with price reacting well to the upside. A continued pump and rise is now expected. The first target is at least 1.1550, which is near the channel resistance level. Learn this: In a channel structure, the most common and reliable trade is to buy at support and sell at resistance. This is called range trading. The channel gives you a clear framework for both your entry and your target. As long as the channel structure remains intact, you can continue to use these levels for your trades. So the plan is clear. Support held. Price is rising. Target is the channel resistance near 1.1550. Monitor price action as it approaches this level to see if it breaks out or gets rejected again.