Powell's side, who won the tournament in 2009, will take on Canada in the final on Wednesday.
"Our main priority in Cyprus has been to step up our progress towards the Euros," BBC Sport quotes her as saying. "If we can now win the trophy, it will be another big lift for the girls going into the summer.
"We know the challenge that Canada present and this will be a really good opportunity to test ourselves.
"They are very good side - they're physical, they're strong, fit and fast and they use all of that to their advantage. We've got to be prepared for that and do what we are good at, which is moving the ball around quickly."
New Zealand and Switzerland will face each other to decide which team finishes third in the tournament.