The bear trend has reversed into a bull trend at the $1.32 pivot. The price action in the channel is interesting. Notice the long wicks at the bottom of the bars in the end. A lot of buyers here that look like they might overwhelm the sellers soon. The channel's stability will be tested at resistance around $1.75-$1.80. Will it break? We'll see but the RSI shows a lot more room to the upside and the moving averages are about to cross! Looks like a set up on the way.