The EUR-USD currency pair is rising after touching channel support at the 1.43 lows. It has been trending up quite strongly but has now reached resistance at 1.4430 from a combination of the monthly pivot and the point and figure count on the 0.0005x3 chart. Weakness would lead to a fall back to 1.4370 first and then the 1.4360 lows.
Looking at the bigger picture, EUR-USD is still trading above the medium term trend line support from 1.1875 (now at 1.3525) and therefore, the upswing from there should still continue. Look fora bullish case with a correction from 1.6039 has completed with three waves down to 1.1875 already and. Above 1.4938 will target 1.5143 resistance first. A break will affirm a bullish trend of long term up trend resumption for another high above 1.6039. However, sustained trading below the mentioned trend line support will indicate that there should at least be one more medium term decline, possibly for below 1.1875, before correction from 1.6039 is complete.