EUR/USD: another pullback from 144 MA
We've got a 'Shooting Star', so we're likely going to have a decline shortly, which means we should watch the next support...
EUR/USD reached buy target 1.1100
- EUR/USD reached buy target 1.1100
- Next buy target - 1.1200
EUR/USD continues to rise after the earlier breakout of the resistance zone lying at the intersection of the resistance level 1.1100 (which was set as the buy target in out previous forecast for this currency pair) and the resistance trendline of the wide daily up channel from January. The breakout of this resistance zone accelerated the active minor impulse wave C.
EUR/USD is expected to rise further the next buy target at the resistance level 1.1200 (target price for the termination of the active intermediate ABC correction (2)).
Dmitry Chernovolov
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