EURUSD previously broke above the key round resistance level 1.20000 (which was closely watched by all of the currency trading community for signs ECB might signal the opposition to this level breakout). With no signals from ECB regarding the latest euro advance the pair continues to rise steadily in the active accelerated impulse waves 3 and (C). Given the clear daily uptrend – EURUSD is expected to extend the gains toward the next resistance level 1.23000 (target price for the completion of the active impulse wave 3 intersecting with the wide daily up channel from June).