Will EurUsd break above 1.1?

In my previous EurUsd analysis I said that the pair could reverse to the upside from the important 1.0840-1.0850 support zone.
Indeed, after a touch of that zone, the pair turned to the upside and managed to close last week very strong and near to 1.1 important resistance.
At this moment EurUsd is correcting this up move a new leg up could follow.
Short-term support lies at 1.0930 and in this zone, traders could look for buying opportunities.

Bình luận:

Yesterday, EurUsd reversed exactly from indicated zone and now is trading above 1.1.
Buy dips remains my strategy