From the technical point of view I expect the pair to reach 1.3100, but do not know how fast.
EUR/USD Holds Above 1.29 and Remains in Congestion Focused on 1.30
Congestion: The EUR/USD started this week falling away from the 1.30 psychological handle, but found support just below 1.29 during the beginning of the 10/15 European session. It has since rallied back with focus on the 1.30 handle. The overall structure of the EUR/USD has turned into that of congestion as it makes lower highs since the 1.3170 high, and higher lows since the 1.2804 low. Bullish scenario: A break above 1.30 is not enough for the bullish outlook, a break above the congestion resistance near 1.3025-1.3030 would be the first sign.Then ability to hold above 1.30 focuses the market on the resistance ... (full story)