FX.co ★ EUR/USD extends its uptrend

EUR/USD should climb higher after the last failure to reach and retest the uptrend line. Jumping above the former high makes the currency pair very attractive for the buyers.

1.2000 psychological level is seen as a major upside target. A valid breakout above this static resistance suggests that EUR/USD will resume its upside movement. The bullish bias remains intact as long as the price stays above the uptrend line.

• EUR/USD Trading Tips

Buy from above 1.2 level with a first potential target at 1.2100 level. You should place a Stop Loss below the former low, somewhere below the 1.1770 level.