EUR/USD Technical Analysis: Mission accomplished EUR/USD at 1.1572 - Bull party not over yet - 1.1628 is next

• EUR/USD bear trend is on hold as bulls are in control for the fifth day in a row. EUR/USD reached 1.1572 resistance level, but more upside can be on the cards.
• EUR/USD is displaying unusual strength for a pullback as the market is trading up with extreme urgency above the bull channel (blue). The next key target is 1.1628 followed by 1.1667. 
• A sustained bear breakout below 1.1400 would invalidate the bullish bias.  

EUR/USD 15-minute chart

Spot rate:             1.1577
Relative change:   0.84%  
High:                    1.1583
Low:                     1.1480

Main trend:                  Bearish 
Short-term trend:         Bullish above 1.1400

Resistance 1:  1.1572 July 19 low
Resistance 2:  1.1628 August 8 high
Resistance 3:  1.1667 August 2 high

Support 1:  1.1542 current daily high
Support 2:  1.1506 June 21 low
Support 3:   1.1483 intraday swing high (August 10)
Support 4:   1.1445 last week high
Support 5:   1.1430 August 14 high 
Support 6:   1.1400 figure