Wow, don't have to say anything about EU rise from ashes.
IMO it is an unwinding of two plus year long carry trades.
But the momentum should should take it a little higher yet.
Plotted are high tf fibs with zones of anticipated resistance.
Left chart has only high tf and major landmarks of interest.
Right charts have a smaller fib (orange) of the bounce itself.
Time of this post is 2 hours before New York open on Friday.
We may not see much more movement today, or profit taking.
Or maybe US econ news and Trump tweets will cause pullback.
.
See my Previous Analysis (click links below):
1.07 Targetted 2ys ago <= Just Hit
1.100 Key Support Zone
1.116 TP into Short (profits both ways)
1.109 Bounce call
1.070 Bounce call
1.125 Short call (massive profits)
1.131 Short call (pin point accurate)
1.118 Long call (scalp that ran hard)
1.240 Short call (the very tip-top 2yrs ago)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.