EURUSD under the bullish pressure after the recent breakout of the resistance area lying between the resistance level 1.22000 (top of the previous corrective wave (ii) from the middle of January) and the 61.8% Fibonacci correction of the previous downward correction 2 from the start of January. The breakout of this resistance area accelerated the active impulse wave (iii) of the impulse wave 3 from the start of February. Given the predominant uptrend that can be seen on the daily charts and the growing euro bullish sentiment seen across the currency markets today  EURUSD is likely to rise further toward the next resistance level 1.23400 (target price for the completion of the active minor impulse wave (iii)).