EURUSD continues to rise inside the accelerated impulse wave 3 – which previously broke above the key multi- month resistance level 1.15000. The breakout of this resistance level strengthened the bullish pressure on the pair and resulted in the subsequent breakout of the resistance levels 1.16 and 1.17000. Given the powerful bullish euro sentiment seen across FX markets today –EURUSD is likely to extend the gains toward the next round resistance level 1.18000 (likely price for the termination of the active impulse wave 3).
