Will EUR/USD rebound once more?
EUR/USD is attempting to break higher once again, following a pullback since Thursday’s top. The rally through $1.1812 last week points towards a possible resurgence, given the failure to break below the crucial $1.1713 support level.
That $1.1812 level is now the most recent swing high from Friday, which if broken, would lead to a renewed bullish outlook. Until then, there is a chance we could continue on the shorter-term creation of lower highs and lower lows seen since Thursday’s high of $1.1863.