The EUR/USD seems ready for more upside. The next target zone is at 1.1150. A mild bearish pullback could confirm (green check) a bullish continuation of the uptrend. Price could move up towards 1.1250 at first.
The EUR/USD made a bullish bounce at the 50% Fibonacci retracement level of wave 4 vs 3. Price is now testing the resistance trend line (red) of the uptrend. A break could send the pair higher whereas a mild pullback is likely to find support for a bullish bounce.
