JinDao_Tai

Breakout potential on the Euro?

Long
FX:EURUSD   Euro / U.S. Dollar
Similar to the GBPUSD, the EURUSD saw significant upside as the price climbed steadily overnight to reach a high of 1.04.

Today, the EURUSD has continued to climb to trade at the 1.0445 price level, with further upside expected.

Look for the EURUSD to possibly retrace to retest the 1.04 price level before trading higher again, with the next key resistance level at 1.0750.

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