EU week 4

Based on last week closing, the EU is playing ball between 1.1175 and 1.1325 with Monday being running only around 25 pips or less.

If by the rules, once hit the MKL (major key level) of 1.1175 and did not close below it on last thursday, the price supposedly will return back to the previous MKL of 1.1325.

However, it has been 2 days (friday and monday). Does it mean it`ll break by today (tuesday) as it`s the 3rd day

Breaking in terms of bullish today thus closing above the MKL for a further bullish next 2 days.

If it does, then potentially yearly high would be the first target by June 2016.