The EUR/USD increased and extended the upside momentum as the USD is weakened by the USDX’s massive drop. Price has managed to breakout above the median line (ML) of the ascending pitchfork and is almost to reach the 1.1910 next upside target. Technically, it should approach and reach also upper median line (uml) of the minor descending pitchfork. A valid breakout will announce a further increase, the next major target will be the 1.2041 horizontal obstacle.
