EURUSD kept rising in the intraday levels, with ongoing positive pressure from the SMA for the last 50 days period, coupled with an influx of positive signals from relative power indicators, and the dominance of the upward correctional trend in the medium and short terms.

Therefore we reaffirm our positive outlook for the pair, targeting the pivotal resistance of 1.1454, which represents the ratio 78.6% of Fibonacci retracement levels for a descending wave in the long term (from 1.1713 to 1.0499).

Trend Bullish