EUR/USD Is Rallying towards 1.1445 Again

EUR/USD found some resistance at 1.1445 and bounced off from that level after forming a clear hanging man candlestick on the daily time-frame, but the move to the downside is over for now, as the pair encountered a strong support at 1.1310. The spinning top candlestick EUR/USD formed at that level on the daily time-frame again was a clear indication for a new impending move to the upside. Currently the pair is rallying and it is testing the resistance at 1.1400. A breakout above that resistance level will likely lead to a further move to the upside towards the previous high at 1.1445 and a breakout above that level in turn could be a signal for a rally towards 1.1500.