EURUSD Bullish Wave continues

So after close to 12 hours later, the EURUSD price continues to be bullish despite the negative market sentiment on account of the deadlock on the Cyprus bailout issue.

However, the price target of 1.30 seems quite doubtful given the fundamentals at play. It will be interesting to see how this trade will unfold and at what price level we can expect the pair to become bearish.

Below is the EURUSD chart.. continuation from yesterday's post. As you can see, price has moved quite a distance from yesterday's entry price.

In terms of the daily resistance levels, the pair has clearly breached R1 at 1.29426. R2 is at 1.30192 and R3 at 1.30689.