EURUSD currency pair recently reversed up sharply with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the key support standing at parity, intersecting with the lower support trendline of
the daily down channel from February and the lower daily Bollinger Band.
Given the continuation of the bullish euro sentiment that can be seen across the currency markets today, EURUSD currency pair can then be expected to rise further toward the next resistance level 1.03600 (former strong support from May and June, target for the completion of wave 4).