Hi traders, EUR/USD has finally managed to break above its recent high and reach 1.1080, signaling that buyers are still active in the market.
The recent consolidation phase could now provide new momentum for the pair to reach our profit target of 1.12, as projected by the triggered bullish wedge pattern (and projected from the breakout point.)
The 1.11 level provides some short-term resistance for the pair.
We're already long in the pair in the CommaFX Trading Club, but you might also enter with a pullback to the 1.1060 level.
The recent consolidation phase could now provide new momentum for the pair to reach our profit target of 1.12, as projected by the triggered bullish wedge pattern (and projected from the breakout point.)
The 1.11 level provides some short-term resistance for the pair.
We're already long in the pair in the CommaFX Trading Club, but you might also enter with a pullback to the 1.1060 level.
