EUR/USD pushing higher once more
EUR/USD is rallying once more following a shallow retracement into the $1.0702 support level yesterday. The pair has been in a long-term uptrend since the turn of the year and this looks to be back in play following the weakness evident towards the end of March and beginning of April.
Now that we have broken higher from the 76.4% base it looks like we are likely to keep trending upwards given the relative lack resistance up ahead. As such, further gains seem likely from here, as long as we do not see a break back below $1.0702.