EUR/USD breaks to new eight-month high
EUR/USD is breaking higher once more, following on from Friday’s push through the crucial October 2015 high of $1.1495. This trend is showing little sign of letting up and thus longs are preferred on any pullback.
The next major resistance level is an inside trendline (currently $1.1611), originating from the March 2015 low. Meanwhile, near-term support is located at $1.1522 and $1.1495.