EURUSD continues to rise after the pair broke through the key resistance level 1.23000 (which has been reversing the price from the middle of December).The breakout of the resistance level 1.23000 continues the active short-term impulse wave (iii) – which belongs to the intermediate upward impulse sequence (C) from the start of November. Given the strength of the daily uptrend and the growing USD bearishness seen across the FX markets today – EURUSD is expected to rise further toward the next resistance level 1.24000 (intersecting with the weekly up channel from the middle of June).