EURUSD recently broke above the pivotal resistance level 1.10150 (which accelerated the active short-term corrective wave 2 from the end of April). The price is currently trading close to the resistance level 1.11450 (top of wave (2) from the end of March). If the price breaks above the resistance level 1.10150, EURUSD can then be expected to rise further toward the next resistance level 1.12250. Given the strong bullish euro sentiment seen across the markets today the pair is likely to rise further from the current levels.
