EUR/USD breaks through crucial resistance level
EUR/USD managed to push through the $1.1721-$1.1727 resistance on Friday, completing a double bottom pattern that has been coming together over the past three weeks.
This points towards a heightened chance of a rally above the crucial $1.1852 level, which would signal a more substantial bullish outlook for the pair. Interestingly, we are seeing the price hold up at the 76.4% retracement of the wider $1.1852. Be aware of a potential pullback at this level, yet a break above here will give greater confidence of a push above $1.1852, and a continuation of recent gains.