Technical analysis:
EUR/USD has been trading upside as I expected. There is the strong breakout of the multi-month consolidation, which is sign for further rise.
Trading recommendation:
Due to strong breakout of the key resistance at the price of 1,1388, I see potential for further upside continuation in the next period.
Watch for buying opportunities on the pullbacks with the upside objectives at the price of 1,1520 and 1,1600.
Key support level is set at the price of 1,1388.
Stochastic is showing bull reading with no evidence for the reversal.
