We note quite ambiguous situation. From one hand, bulls have Friday upward break of bearish inside bar (and it’s a solid sign of continuation of the quotes’ growth, watch the black arrow). From the other hand - euro probes the strong PPZ 1.1315, where a probability of halt/turbulence/reversal is also very high (watch the red arrow). No one knows what will happen. But we incline to continuation of growth as a prevailing scenario.
Local structure retains perfect uptrend having completed, besides, a short consolidation in the 1.1302-1.1314 range by upward break. Thus we expect further growth in direction of the 1.1370-1.1400 zone.
Growth towards 1.1370-1.1400.
Longs towards 1.1370-1.1400.