EURUSD currency pair recently reversed up from the support area surrounding the key support level 1.08100 (which stopped the previous sharp downward impulse wave (1) at the start of March) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term corrective wave 2.
Given the rising bullish euro sentiment – EURUSD currency pair can be expected to rise further toward the next resistance level 1.09350 – the breakout of which will lead to further gains toward 1.100 (target for the completion of wave 2).
