EURUSD Breaking Higher

Gregor Horvat Wavetraders

USD is falling after bad US CPI and Retail sales data. We see EURUSD turning up sharply following a break above the upper channel line which suggests that pair accomplished a three wave set-back and that market is underway to a new high. There is room for 1.1500, or even 1.1550.

EURUSD, 1H

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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