EURUSD – holds 1.3255, bull flag suggest break above 1.33

Prices successfully held the 1.3250 (old support) as expected and now with the 76.4% retracement behind, a rally to and beyond the old 1.3414 high is more likely. In other words, the idea that this July rally is a wave-2 correction is less viable. If, as posited, this year-long range is a bullish wave-B triangle, then eventually prices will target channel resistance at 1.39 (this also offers symmetry between waves A & B).

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