The EURUSD was projected to 1.1400/1.1500 (attached) and the pair has revisited the 1.1400 and likely will continue to 1.1500. Not sure if the 1.1400/1.1500 will be defended by ECB due to the FED is still refueling the market. The likely better approach is to measure the average traded weighted rate of the central rate/target rate/central parity at the upper ceiling of the USD-pegged pairs.
Major currencies still stronger than USD by the FED refueling the market and USDJPY still projected to 102.00 and USDCHF to 0.9100/0,.9200. The commodity currencies AUD, NZD, CAD and GBP still have substantial room to bullish interior the U-shape target zones and the AUDUSD estimated upper ceiling 0.7070 is at risk to be broken.
Only intraday long trade still recommendable for EURUSD until the 1.1500 to be reached and any extension to upward likely to be traded by intraday bullish.
Major currencies still stronger than USD by the FED refueling the market and USDJPY still projected to 102.00 and USDCHF to 0.9100/0,.9200. The commodity currencies AUD, NZD, CAD and GBP still have substantial room to bullish interior the U-shape target zones and the AUDUSD estimated upper ceiling 0.7070 is at risk to be broken.
Only intraday long trade still recommendable for EURUSD until the 1.1500 to be reached and any extension to upward likely to be traded by intraday bullish.
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