The price held above 1.0700/20 level, which indicated further growth to the new maximums. The price has recently reached 1.0810/20 level. Indicators are "bullish", which confirms earlier forecasts, expecting further growth, probably towards 1.0980/1.1000 levels. At the same time, MACD divergence says in favor of a possible correction. The market may decide to test 1.0700 - 1.0680/90  level as a support. If it's breached, the price will most likely drop to 1.0500/10 level, which now merges with the uptrend channel (red) line. 

Analysis prepared by:

Arkady Nagiev
Forex4you analyst