EURUSD chart looks very interesting. As a result of message coming from the European Central Bank, or maybe it was merely an excuse, EURUSD reached annual maximum. Price is currently heading to key resistance at 1.1480. This level is a resistance that demand has not been able to break for long time since January 2015.
Supply will start attack on 1.1480
Current growth on EURUSD has continued since January 2017 evidenced by characteristic pattern of higher highs and lows (highlighted on D1). Certainly, on the key resistance of 1.1480, supply will try to force its way, at least to a deeper correction.
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A real breakthrough would be to break this level permanently. This is of course possible, but likely only after a correction or flat consolidation under resistance. Possible permanent breaking of the key resistance of 1.1480 should lead to start of a new growth impulse that can have a very dynamic run.