EURUSD; Waiting For The Bullish Breakout

Price is in an upward channel. In the short term, a downward-tilted zone is present. The short term structure is seemingly corrective and so we favor a bullish bias in the medium term.

Conditional on the break up of the 1.1280, a surge towards the upper boundary of channel is favored. As long as the 1.1123 support holds, this scenario remains intact.

Cyclical Waves Group
EURUSD

Clause de non-responsabilité