The EURUSD is extending to a new excessive for the day and a new excessive for the week surpassing the swing highs from Tuesday and Wednesday close to 1.0887. The excessive value simply reached 1.08944.
The push to the upside has gotten technical gas from the break again above the 50% midpoint of the transfer down from the July excessive to the October low. That level is available in at 1.08613 and is now shut intraday help (risk-defining level) for consumers. Staying above is extra bullish.
On the topside the pure resistance at 1.0900 is the subsequent goal adopted by the swing excessive going again to August 30 at 1.09448. Above that could be a 61.8% retracement of the transfer down from the July excessive at 1.09589