EUR/USD Finally Broke Above The Resistance

After several days of consolidation EUR/USD finally broke above the resistance at 1.1240, which should not have been too big of a surprise considering the inverted hammer above the support at 1.1100 visible on the weekly filter chart. The pair will likely continue climbing at least until it reaches the resistance at 1.1440, also visible on the weekly filter chart. Should it manage to break above that level, however, I expect it to continue moving to the upside until it reaches the previous high at 1.1713.