Description
⋅ From a technical perspective, EURUSD could swing all the way to the highs of 1.24500 in the coming months. Why?
The overall daily and weekly trends have been bullish, and now we see price rejecting a crucial level of 1.19000 on the monthly timeframe.
The level has acted as support/resistance on many occasions, from the likes of 2003 up to the minute.
Another bullish wave from this level would most likely see 1.24500. We keep our eyes open as the events unfold.