Forex technical analysis: EURUSD stays above the broken target
Trades at session highs.
The EURUSD moved above the 1.1128 target level defined by the 61.8% retracement level. Since the move above, the price has stayed above.
What does it say?
Buyers remain in control. The risk is 1.1128. Stay above is more bullish.
Where do we go?
Looking at the weekly char, the move down from the August 2015 high, has the 61.8% retracement at 1.1187. That is the next target for the pair.