EURUSD has moved above 1.10 and is challenging as expected the important 1.1030 resistance level. As long as price is above 1.10 we expect price to continue higher towards 1.11-1.1130.
Red line - bullish divergence
EURUSD is bouncing off the lower wedge boundary. The upper wedge boundary and possible target is at 1.1130. Short-term trend is bullish as long as price is above 1.0965 but longer-term trend remains bearish as long as price is inside the wedge.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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