EUR/USD broke strong resistance level 1.1960

EUR/USD broke strong resistance level 1.1960

  • EUR/USD broke strong resistance level 1.1960
  • Next buy target - 1.2100

EUR/USD continues to rise inside the minor impulse wave 3 after the earlier breakout of the strong resistance level 1.1960 (which stopped the previous intermediate impulse wave (1) in November). The breakout of this resistance level accelerated the active minor impulse wave 3 – which belongs to the impulse wave (3). EUR/USD is expected to rise to the next buy target at the next resistance level 1.2100 (top of the previous impulse wave (5)).

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