EUR/USD broke key resistance level 1.1710

EUR/USD broke key resistance level 1.1710

  • EUR/USD broke key resistance level 1.1710
  • Next buy target - 1.1850

 EUR/USD recently broke through the key resistance level 1.1710 (which stopped the previous minor impulse wave (i) in June, as can be seen below). The breakout of this resistance level should accelerate the active minor impulse wave 1 – which belongs to the intermediate impulse wave (1) from the end of June. EUR/USD is expected to rise further toward the next buy target at the next resistance level 1.1850 (top of waves (a) and 4).

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