EUR/USD is ready to challenge short-term important resistance at 1.1383 which needs to be broken to confirm that wave 2 is in place and the next impulsive rally towards 1.3993 is unfolding. That said, we also need to acknowledge, that as long as short-term resistance at 1.1383 is able to cap the upside a final dip to 1.1139 can't be excluded.
Our preferred count calls for a direct break above short-term resistance at 1.1383, but we need to stay patient and await the break to confirm wave 3 is unfolding.
