EURUSD approaches the next key resistance area.
So what next should the highs be taken out?
Looking at the daily chart below, the pair has been on a tear to the upside. The 50% of the move down from the 2018 high was broken at 1.15958 and now looks toward the next retracement at 1.1822. Also around that retracement level are the swing lows and highs going back to May 2018 through September 2018. That area comes between 1.18147 and 1.18504.
That bigger picture area could be a tough nut to crack on the first look.
We are still 42 or so pips from the bottom of that range (and 78 pips from the high), but it certainly is a hurdle that lies ahead on more upside momentum.
In the meantime, risk is on the hourly chart now at the trend line at 1.1720 and below that the 100 hour MA at 1.1692 currently and moving higher. Stay above, and the buyers are still in control.