The 1.2443-456 are the next targets for the pair
The EURUSD has popped above a topside target and the market price popped higher.
The break took the price above the 1.2412-15 area and has reached up to 1.2444. We currently trade at 1.2437. The highs from March come in at 1.2443-456. A move above that level opens the door for further gains.
A move above the March highs, moves into the ups and downs from January and February. The swing highs from those months came in at 1.2522, 1.2537 and 1.2555. So there is a lot of space between the March high at 1.2445 and lowest of the swing highs at 1.2522. That may make those highs a tougher nut to crack.
Sellers against the highs will likely buy on a break above the levels. However, they will also look for the March high to hold support on that break. If not, the failed break should see a delayed rotation back lower. Be aware.
PS. As Mike points out the EURGBP is also popping. Technically, the price moved above trend line and the 100 hour MA on the break higher. The 100 hour MA has been able to hold resistance since March 8th. That is now a key line in the sand for the buyers today. Stay above is more bullish.
