EURUSD is moving in a global downtrend outlined with two red TLs confirmed by 3 touches The lower TL was penetrated and instrument is in the up-move now towards the upper red TL with possible targets 1.125-1.130 where short positions can be taken to target 1.06 gap from April 2017. In case if upper channel TL is broken move to 1.18 can be expected as a target is st by MACD on weekly and daily .