EURUSD rallied through the 1.0016 intraday highs intraday on Thursday before pulling back below the 1.0000 handle briefly. The currency pair might have carved a flat correction and is now pushing higher again towards 1.0075-80 in the near term. It is seen to be trading close to the 1.0015 mark after carving an intraday low at around 0.9975. Looking higher from here.
EURUSD might be set up to unfold a larger-degree corrective rally towards the 1.0800-1.0900 area. The currency pair is looking poised to retrace its earlier downswing between 1.2350 and 0.9863 respectively. A minimum push is probable towards 1.0800, which is also the Fibonacci 0.382 retracement of the entire drop.
EURUSD is expected to print one more high towards 1.0075 intraday before carving a lower-degree upswing. Prices are expected to retrace thereafter before turning higher towards 1.0400-1.0500 and higher in the coming weeks. The bullish divergence scenario on the daily chart has turned out strong with prices rallying from the 0.9963 lows.
Trading plan:Potential rally towards 1.0800-1.0900 against 0.9800
Good luck!