Euro notes in denominations of fives and tens are arranged for a photograph in London, U.K., on Wednesday, Jan. 18, 2012. The euro strengthened and commodities rallied as an official at a Group of 20 nation said the International Monetary Fund is proposing a $1 trillion expansion of its lending resources. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings. Photographer: Simon Dawson/Bloomberg via Getty Images
• EURTRY broke resistance level 9,347
• Likely to rise to 9,6000
EURTRY continues to rise after the earlier breakout of the resistance level 9,347 (which has been steadily reversing the pair from the start of October).
The breakout of the resistance level 9,347 should accelerate the active upward impulse waves 5 and (3).
Given the clear uptrend – EURTRY is likely to rise further toward the next resistance level 9,6000 (intersecting with the sharp up channel from July).
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