We still expect EUR/USD to progress more upside towards the next minor upside target at 1.1029 and then the former high at 1.1275 on the way towards the long-term target at 129.30.
Support is now seen at 1.0816 which ideally will be able to act as a floor for the next push higher towards 1.1029. Should support at 1.0816 be broken, then backup support is seen at 1.0727, but we doubt that will be seen before EUR/USD turns higher again.
