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Euro just broke above the trendline, drawn off of 2015 and 2016 highs, helped by the continued drama in U.S. politics. The pair appears ready to attack the big figure at 1.15, that has been capping it since early 2015.
Last year's high (1.1615) is the next target ahead of the 2015 high (1.1715) which is backed by 38.2% retracement of the 2014 - 2016 downswing. Broken 1.1430 - 1.1450 area should now offer initial support.
Last year's high (1.1615) is the next target ahead of the 2015 high (1.1715) which is backed by 38.2% retracement of the 2014 - 2016 downswing. Broken 1.1430 - 1.1450 area should now offer initial support.
