EURUSD continues to rise after recently breaking the resistance area located between the key resistance level 1.18300 (former strong support from the start of March) and the resistance trendline of the daily down channel from the end of February. The breakout of this resistance area accelerated the active minor corrective wave (ii). Given the mildly bullish sentiment affecting the euro today – EURUSD can be expected to rise further in the active corrective wave (ii) toward the next resistance level 1.20000 (former resistance from March and the target for the completion of wave (ii)).