EUR/USD has been trading upwards. The price is testing important resistance at 1.1000 (round number). The potential upside breakout of 1.1000 may lead us towards 1.1020 and 1.1070. The short-term trend is still upside.
Red rectangle – Important resistance levels
Rising purple line – Expected path
I found strong rejection of the rising trend line in the background, which is sign that buyers are still in control. I do see potential test of 1.1020 and 1.1070. In the background there is the breakout of the falling wedge pattern, which is another sign that buyers are in control. Watch for buying opportunities.
