From ECB and US yesterday, it impulse the EURO bullish and break 1.16
No there are the last wicked that need to pass and it is around 1.172x = 38.2% fibo retracement of last leg downtrend.
I think it will meet and then wait and see what is going on next.
I trade EU last week and think it will close the gap, however, from Friday it impulse to up.
- If it is not higher than this price area, it will go down for right shoulder.
- If it still go up, follow the trend in shorter timeframe ( daytrade)