EURUSD has rallied nicely to test resistance at 1.0610 and the first attempt to break above here failed, which isn't a big surprise. However, we expect a new attempt to be seen soon. This time, we should see a clear break above this resistance for a continuation towards key resistance at 1.0768. Only a break above here will confirm that wave 2 has been completed and wave 3 higher now is in motion.
In the short term, we will look for support in the 1.0537 - 1.0552 area for a new push higher to test resistance at 1.0610. This time, we foresee a clear break above this minor resistance for a continuation towards 1.0768.
