EUR/USD rebounds after initial weakness
EUR/USD has seen sharp devaluation at the open, with the Italian referendum result heightening fears of yet another crisis in the eurozone. However, the pair is back on the attack, with a sharp appreciation looking to close the weekend gap.
Ultimately we need to see an hourly close above the $1.0686 level to start to look more bullish. Otherwise, there is a chance we could be seeing a short-term recovery before we move lower once more.