The EUR/USD has broken through W H4 but it subsequently retraced. However as long as it is kept above 1.2320 the trend is bullish
The pair could bounce from the POC zone 1.2345-55 as we can see a cluster of support formed below. This is a retracement in uptrend and we could see another test of dauly high should momentum persist. However bulls are safe as long as the pair is kept above 1.2320. Break of 1.2320 will invalidate current bullish outlook. Targets are 1.2370 and 1.2420. Break of 1.2420 should target 1.2460 near term.
Many green pips,
Nenad Kerkez aka Tarantula FX
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