Based on the current market conditions, it’s possible that the EUR/USD pair could reach the 1.08000 handle before retracing back to 1.06000. Here are a couple of factors that could support this potential scenario:
- The recent upward momentum of the pair suggests a possible extension of the bullish trend, potentially driving the price toward the 1.08000 handle (or even up to the 1.08400 handle).
- The resistance level at the 1.08000 handle may act as a temporary barrier, leading to a short-term pullback towards the 1.06000 handle before the price continues its upward trend.
Remember, success in trading is a marathon, not a sprint, so keep learning and adapting to the ever-changing markets. Cheers!