10-8-14: EURUSD back near the top of its recent channel that goes back to early August. Could be a rising descending wedge that if broke would give price target around 1.28660 which is also near recent support/resistance from sept. A weak/flat US equities market today may be needed to break the current resistance. A strong equities rally and the lower support line seems likely to give way. Lower price target would be near 1.2475.