EURUSD moved nicely higher in April, into the 1.15–1.16 area, a resistance where pair slowed down at the end of wave 3, that put retracement in play. However, a pullback has been made in three waves, so its seen as temporary within the broader uptrend. We saw some deeper retracement down to 1,1, near the 38.2% Fib from where we can see some nice turn up, above the trendline resistance so it appears that bulls are in play for wave 5. Therefore, be aware of more upside afte some intraday dips. Support is at 1.1266 area.
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