EUR/USD is trading above the uptrend, so further gains are expected. The pair is trading at the 1.2155 level and it seems poised to reach the 1.22 psychological level soon. You know from my analysis that a breakout above 1.22 could validate a broader upside movement.
Its failure to retest the black uptrend line signals strong buyers and potential aggressive growth in the short-term.
EUR/USD Trading ConclusionA new higher high, jump above 1.2180 or above the 1.22 psychological level could represent a buying opportunity. Stabilizing above 1.22 could announce further growth towards 1.23 and 1.24 levels.