EUR/USD looking up
EUR/USD managed to break above $1.1812 yesterday, bringing a more positive outlook for the pair after a deep retracement into the $1.1715 support zone. That provides us with a bullish outlook, with last night’s retracement looking like a precursor to further gains.
We are seeing those gains come to the fore this morning, with a rally up through yesterday’s high of $1.1834 likely in the short term. The next hurdle would be $1.1863. A bullish outlook is in play, as long as we do not break back below $1.1742.