EURUSD – Up
Last week, EURUSD maintained an active up trend and even reached the highs of 1.11694, but could not break above the daily high. This is a potential sell place and while the price is not successful in its attempts to break above it, we’re waiting for a possible sell. With this sell, we expect price to proceed towards 1.11153, or 1.10818 or even lower to 1.10547. A breakout above the daily high could push the price to the upper side towards 1.1211 and ion case of a break above, then a move even higher towards 1.14 is expected.
We’re short with our target at 1.11153.
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