The firm break above minor resistance at 1.0831 confirmed that wave II completed early at 1.0635 and wave III towards at least 1.2090 now is in motion. The first target on the way higher is the peak of wave I at 1.0956 but once this has been broken, we should expect a strong momentum rally higher towards at least 1.2090 and likely closer to 1.3055.
Support is now seen at 1.0857.
