EUR/USD was sold off last time it faced resistance around the 1.10 handle. We saw a bearish engulfing candle and bearish divergence as EUR/USD tagged a falling resistance among. We anticipated the sell-off, but noted that "in a bullish trend, we would see support as early as around 1.0850". Indeed price bounced off 1.0850, and followed this bullish confirmation with a strong bullish break of the falling resistance and 1.10. EUR/USD Daily Chart(click to enlarge)Breakout and Upside:- The daily chart shows that EUR/USD found support at 1.0850, which was a previous support/resistance pivot.- This indeed shows that bulls are in charge, and was already a warning NOT to rely on the previous resistance.- Now that price has broken above the key resistance, it opens up the 1.15 area and even the 1.16 area, which represent resistance in a 2-year consolidation range.EUR/USD Weekly Chart(click to enlarge)