• EURUSD broke resistance level 1.1900
• Likely to reach resistance level 1.2000
EURUSD recently broke the minor multi-candle resistance level 1.1900 (top of the previous impulse wave (a)) intersecting with the 38.2% Fibonacci correction of the previous sharp downward impulse wave 1.
The breakout of the resistance level 1.1900 should accelerate the active minor ABC correction 2 from the end of March.
EURUSD is likely to rise further toward the next resistance level 1.2000 (former resistance from the middle of March – which stopped earlier waves (b) and ii).
