EURUSD Channel

EURUSD Hourly

Pair is drawing up a falling channel and currently price is in middle of it. 

Currently price is at support-turned-resistance and if price goes thru it then next resistance comes at channel upper trendline which has been held since Feb-2013. 



To enter short I will be looking for any sign of rejection from current resistance level. For long, I would be looking for a daily close above the resistance.