EURUSD looks very confident to rise in the medium term. Buyers are breaking through a key resistance pattern. What to expect next?
The price is trying to break out of the price channel again. The formation of the Triangle pattern causes the limit resistance level to be broken. The price exits into the long zone. The final fixation of the price above 1.0870 will lead to the formation of a strong impulse. Opens the potential for growth towards 1.11000
I expect the price to consolidate above 1.08700 and above the upward channel resistance. Consolidation is a good signal to buy. Short-term target 1.0938, medium-term target 1.10500