EurUsd- Will we have a real reversal?

Yesterday was an interesting day for EurUsd traders, a day that could give us clues for future price evolution...
After an initial spike and false break of support on CPI data release, EurUsd reversed strongly and close the day above 0.97 support and in the high of the range zone.
At this moment there is a high probability of a higher low in place in this support and continuation to the upside.
Dips should be bought near this support and, with a stop loss under yesterday's low, we can have a 1:3 risk: reward if we target parity.
Going further, an ABC-type correction can be in cards for EurUsd and, in such a case, I wouldn't be surprised to see 1.03 for the single currency by year's end.

I'm strongly bullish EurUsd as long as 0.96 is intact

Kommentera:

EurUsd is again around support area.
Will it reverse again?