EUR/USD Is Moving To The Upside

While I suspected that EUR/USD might continue to descend, the pair defied my expectations and moved to the upside. It failed to break above the resistance at 1.1281 and bounced off of it but later started climbing again. The pair will likely be testing that resistance again soon and should it break above it will probably continue climbing at least until it reaches the previous high at 1.1295, possibly heading for the resistance at 1.1340 if it moves above that level too.