EUR/USD Outlook: Bullish Trend Intact, Next Target 1.06?

In my post last week about EUR/USD, I argued that the pair could rise to 1.05 and that dips around 1.03 should be seen as buying opportunities.

Indeed, after briefly dipping below 1.03, the pair reversed to the upside and reached my 1.05 target.

Currently, the pair is undergoing a small correction and is trading at 1.0460 at the time of writing. However, my bullish outlook remains unchanged. Dips around 1.04 should once again be considered buying opportunities.

The next target for bulls could be the 1.06 resistance zone.

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