FX.co ★ EUR/USD: Further Growth Expected!

EUR/USD is into an uptrend, so the outlook/bias is bullish, meaning that the pair should resume its upwards movement. It is traded at 1.1936 and the next target is represented by the 1.2000 psychological level.

I've told you in a previous analysis that you can buy EUR/USD if the quote jumps above the former high, 1.1883 level. You can see that the price has made another higher high signaling further growth.

EUR/USD is trading far above the uptrend line suggesting that the increase could continue in the upcoming period.

• EUR/USD Trading Tips

The breakout above 1.1883 has represented a great buying signal, the first target is seen at the 1.2000 level. A breakout above the 1.2000 psychological level will validate a larger increase.