EURUSD resumed its rise in the intraday levels, settling above the important support of 1.1256, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 1.1713 to 1.0517), before bouncing lower at today's morning trading as traders take profits and as the pair tries to gather momentum that would help it rise again, while venting off the overbought saturation apparent in relative power indicators.

Therefore as long as the support of 1.1256, we expect the pair to rise, targeting the resistance of 1.1430, representing the ratio 76.4% of the same retracement levels mentioned earlier.

Trend Bullish