Despite the strong growth of the price yesterday, the Euro is still locked in the consolidation between two strong volume levels: 1.1680 - 1.1699 and 1.1870. So our previous scenario remains the same: trading only after the exit of the price from the consolidation. But given the sharp upward move, we should give a little advantage to long positions. We can open purchases after an abrupt and sure breakout of the level 1.1870. The movement should be supported by large volume, which will be a more accurate signal. A stop loss should be placed below the breakout volume bar. The target is 1.2015. More please check section Daily Analysis website www.trustbrokergroup.com
The bottom line: long positions after a sure breakout of the resistance.