EUR/USD is in an uptrend Euro / US DollarEASYMARKETS:EURUSDbaritradingEUR/USD is in an uptrend and recently broke above the ascending channel before pulling back to retest the breakout zone near 1.1517. If this level holds, the price is expected to resume its upward movement toward 1.1600–1.1630. A break below 1.1490 would invalidate the bullish outlook.