$EURUSD ready to move up?

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Dollar index is moving up in a channel forming a small correction from 79.00. This correction possibly will reverse after hitting %50 level at 80.70. Downtrend towards 78.40 will possibly resume after this resistance level. I'm not expecting this support to be broken, however 76.50 can be tested. This may help EURUSD to move back to 1.34 - 1.38 levels.