EURUSD continues to rise inside the short-term correction (ii), which started recently from the support area located between the key support level 1.07850 (former monthly low from February) and the 61.8% Fibonacci retracement of the previous upward wave (ii) from the middle of March . Given the moderately bearish sentiment affecting US dollar today – EURUSD is likely to extend the gains toward the next round resistance level 1.100 (target price calculated for the completion of the active corrective wave (ii)).
