EURUSD: ⬆️ Buy

– EURUSD broke key resistance level 1.1835

– Likely to rise to resistance level 1.2000

EURUSD currency pair recently broke above the key resistance level 1.1835 (which stopped the previous impulse wave (5) at the end of June, as can be seen below).

The breakout of the resistance level 1.1835 was preceded by the breakout of the daily Triangle from July, which accelerated the active impulse wave (3).

Given the clear daily uptrend, EURUSD currency pair can be expected to rise to the next round resistance level 1.2000, target for the completion of the active impulse wave (3).