Daily chart: euro keeps upside potential towards upper Bollinger band (1.1219). But with today’s NFPs coming out, the targets could be much more daring, somewhere in the 1.1300 zone.
Four-hour chart of EUR/USD. After the correction to the four-hour super trend line, the currency pair resumed upward movement. Now the price is back to a reversal level of 1.1169 (7/8) and we expect a break-down.
The price managed to reach a local maximum, but so far the feats of the buyers have ended. Basically, these prices are expected to resume the decline due to the development of the corrective wave ii.
Probably along the pair under consideration, the development of correction in the form of a zigzag formed within the framework of wave 2 was completed.