EUR/USD aims for a rebound
The modest pullback in this trend for EUR/USD last week stands in stark contrast to the volatility in indices. Still, we saw the price give up most of its gains of late January.
Thursday and Friday saw buyers enter to defend the $1.22 zone, but gains towards $1.23 found sellers. Above $1.23, the $1.2323 and then $1.25 areas come into play, if the uptrend reasserts itself. Meanwhile, further declines will test $1.2165 and then $1.2092.