FX.co ★ EURUSD breaks above key resistance.

Green line- resistance (broken)

Blue lines- Fibonacci extension targets

EURUSD has broken above 1.0285 key resistance and provided a bullish signal. EURUSD remains in a bullish trend making higher highs and higher lows. EURUSD is trading above 1.03 and has potential to reach 1.0450 where we find the 100% extension target of the first upward movement. Support remains key at 1.02. Bulls must defend this level. As long as price is above it, we should expect price to reach 1.04 at least.