EURUSD kept rising for the second day in the intraday levels, with ongoing positive support from the SMA for the last 50 days period, coupled with an influx of positive signals from relative power indicators, as the pair eventually settled above 1.1248, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 1.1713 to 1.0495).

Therefore we expect more gains to come for the pair, as long as it settles above 1.1248, targeting the resistance of 1.1426, which represents the ratio 76.4% of the same retracement levels mentioned earlier.

Trend Bullish