Euro is still above the daily support level 1.15682. As long as the price remains above this level, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of an impulsive wave count to the upper side and should break above 1.22730. If this is the case, the further bullish price rally is expected. This view can only be invalidated in case the price breaks below 1.15682, if this is the case, then we’ll wait for a break below 1.13595 to confirm further bearish rally towards 1.12065 or even lower.
We’re long above 1.15682.