LeoPrime Daily Market Analysis

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EURUSD broke resistance zone; Likely to rise to resistance level 1.20000

EURUSD currency pair continues to rise after the currency pair broke the resistance zone located between the resistance level 1.1910 (top of the previous impulse wave A) and the 38.2% Fibonacci correction level of the previous sharp downward impulse wave (3) from the end of February. Given the rising bullish sentiment affecting the euro today EURUSD currency pair can be expected to rise further toward the next major resistance level 1.20000 (top of waves (a) and 4 and the target for the completion of the active wave (4)).

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