Euro / Dolar A.S.
Panjang

EURUSD aggressive move higher is coming

110
**Monthly Chart**

Last month's candle on EURUSD closed bullish after it swiped the liquidity above Dec 2023 high just shy away from 1.12000 (round number). This month's candle suggests a continuation of the move at least to tap 1.12000 and move above the July 2023 high at around 1.14000 level.

**Weekly Chart**

Last week candle closed as a bullish engulfing candle which suggests a continuation of the move higher at least towards 1.12000 and then 1.14000 levels (round numbers).

**Daily Chart**

EURUSD moved higher last week, swiped the liquidity above the previous swing high, and tested the IPA only to move lower. I believe there is still momentum to the upside. However, the structure is currently not supporting it. I would like to see EURUSD move at least to daily IPA and give us a buying structure if it moves higher. The next target is above 1.1250 and then 1.14000 level.

Penafian

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