Of course it can. Today. If not today tomorrow at latest.
EUR/USD Breaks Consolidation High; Can it Clear 1.35?
Consolidation: The EUR/USD failed to extend after breaking above a small flag pattern during the 1/28 US session. The consolidation high held, and price came back to crack its consolidation low during the 1/29 European session. During the 1/29 US session it surged from the new low, to a new high, breaking above the consolidation high. Momentum: Note that the 1H RSI reading held above 40, reflecting maintenance of bullish momentum. With it going above 60, it is a sign of bullish momentum revival. Target: 1.35 will be a key psychological handle to break for further bullish outlook. If this is the case, taking the width ... (full story)