EURUSD – Up Wave Analysis EUR/USD is currently trading with a bullish bias. Earlier today, the pair gapped down into our objective supportive level 1.0952. As long as the level 1.0952, holds true as a strong support level, we expect the current upward rally to continue to the upper side and may close above 1.1024. Only a clear breakout below 1.0952 will invalidate the anticipated upward rally. This pair should be traded alongside GBP/USD, AUD/USD, NZD/USD, and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday. Trade Recommendations: Remain long with an ideal target at 1.1028.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.