Technical analysis:
EUR/USD has been trading stronly to the upside. THe price tested the level of 1.1162 with the strong momentum. I do expect further upside continuation towards the Pitchfork upper parallel lines and test of 1.1230-1.1275.
Watch for buying opportunities on the dips using the intraday frames 15/30 minutes.
Stochastic oscillator is showing new momentum to the uspide, which is good indication for the strong buying pressure.
Short-term support is set at the price of 1.1094
Resistance levels are set at the price of 1.1230 and 1.1270
