EUR/USD has managed to close above the 1.18 level suggesting that the bulls are more and more confident. The price is traded at 1.1842 level, the next goal is at the 1.1909 former high.
You should be careful today because the eurozone and the US economic figures could bring more volatility in the upcoming hours. Technically, the pair is bullish, only a USDX's rally could send EUR/USD in the seller's territory again.
EUR/USD has decreased a little in the short term after the failure to stabilize above the 250% line and above the 1.18 level, but the USDX's decrease has pushed the pair above these two levels again.
So, the first target is seen at the R1 (1.1909) static resistance, another higher high will signal an increase at least until the second warning line (WL2), the R2 (1.2043) could attract the price as well.
- EUR/USD Trading Tips
The breakout is still unconfirmed, so you could buy a retest of the broken levels, or you should wait for another higher high, jump and close above the 1,1909, before going long on EUR/USD.
EUR/USD will drop again only if the rate will fail once again to stay above the 1.18 and above the 250% line. You can sell another lower low, a drop below the 1.1695 level.
