EUR/USD: consolidation under Moving Averages
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
EUR/USD reached buy target 1.1800
- EUR/USD reached buy target 1.1800
- Next buy target - 1.1900
EUR/USD continues to rise after the recent breakout of the resistance zone lying at the intersection of the resistance level 1.1800 (previous buy target) and the resistance trendline of the daily up channel from the start of April. The breakout of this resistance zone should accelerate the active minor impulse waves (v) and 5. The breakout of this resistance zone should add to the bullish pressure on this currency pair. EUR/USD is expected to rise to the next buy target at the next resistance level 1.1900 (target price for the completion of the active impulse 5).
Dmitry Chernovolov
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