EUR price did failed breakout of the defined trading range and massive breakout to the upside. Price is challenging recent cluster highs, which is strong support (buy load) area. We got high odds for new push higher.
Red horizontal line – Important resistance and upward objective
Yellow rectangle - major support area
Middle Bollinger green line – 20SMA support
Silver rectangle – Failed breakout of support
Purple rising line – Expected path
MACD oscillator is showing good new momentum up in the background and I do expect at least another push higher. Key support is at 1.1105-1.1100 and resistance at 1.1164. Bears need to be very cautious as there is strong momentum in the background and potential buying the deep type of feeling. As long as the EUR is holding above 1.1100, there is a chance for potential test of 1.1164.
