For almost two months now, Eur has been in a s constant up trend and is not showing potentials of retracing any time soon. We expected a minor corrections during the previous trading day, but instead, this pair even spiked higher and broke above a key short term resistance level 1.17329 and is still bullish both on the daily and weekly charts. During this intraday, we expect a possible extension of the impulsive wave (v) to the upper side but should not go beyond 1.24921. Expect a similar wave count in GBPUSD, AUDUSD, NZDUSD and EURHKD. These pairs have a strong positive correlation and will move in the same direction during this intraday.
Trade Recommendations:
Expect a possible bullish price rally towards 1.24921
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