FX.co ★ EUR/USD

The EURUSD pair has confidently pierced the intermediate ceiling at 1.1531 and is now attacking the upper boundary at 1.1558. The last green candle closed almost at the high without an upper shadow, which indicates full control by buyers at the moment. The uptrend gained strength after tight consolidation around 1.1509, from where a clean upward impulse started. Volumes increased on the breakout, confirming the validity of the move. The upside potential is not yet exhausted. The target level is at 1.1558, where the price is already testing resistance. A logical entry is on a pullback to the broken 1.1531 zone, which should now act as support.