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EUR/USD looks set for push higher
EUR/USD managed to break higher overnight, following a deep retracement which ran past the 76.4% level. However, we have since seen a break back through the first swing high at $1.1905, pointing towards the beginning of the expected resurgence.
With that in mind, it would take a break back below the $1.1824 level to negate the current bullish outlook, where the current weakness looks like a retracement before the pair moves higher once more. As such, it makes sense to look out for the 61.8% ($1.1861) and 76.4% ($1.1846) as potential areas of value to get long.
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