EURUSD recently reversed up from the support zone located between the key support level 1.11450 (former resistance from the end of March), support trendline of the daily up channel from April, and the 38.2% Fibonacci correction of the previous upward impulse wave (c) from the end of April. The upward reversal from this support area created the daily candlesticks reversal pattern Morning Star. Given the moderately bullish euro sentiment affecting this currency pair – EURUSD is likely to extend the gains further toward the next resistance level 1.14230 (top of the previous short-term correction 2 from the start of June).