EUR/USD’s Growth Hit Maximum

Technical Reports

Pair's growth has hit the maximum of 1.1916. Trading stays on the upside towards 1.1960 resistance. Breach will extend the entire rally from 1.1553 and align 1.2091 maximum.

Breach of 1.1816 minor support will suggest conclusion of recoil from 1.1717. If EUR/USD pulls back, short term prognosis will remain bullish.

The lift from a medium term bottom of 1.0339 is a corrective. If further rally occurs, 38.2% retracement of 1.6039 to 1.0339 at 1.2516 will bound upside and cause reversal. Stable trading under 55 week EMA will confirm that the medium term recoil has finished. The repeat test of 1.0339 minimum is possible.