EUR/USD broke strong resistance level 1.1360

EUR/USD broke strong resistance level 1.1360

  • EUR/USD broke strong resistance level 1.1360
  • Next buy target - 1.1500

EUR/USD continues to rise after the earlier breakout of the resistance level 1.1270 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 1.1270 accelerated the active minor impulse wave (c), which belongs to the ABC correction 2 from January. The price today broke above the next strong resistance level 1.1360 (previous monthly high from August) – which should strengthen the bullish pressure on this currency pair. EUR/USD is expected to rise to the next buy target at the resistance level 1.1500 (target price for the completion of the active wave (c)).

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