EUR/USD aims to build on strong support
A tentative recovery is in place here, after EUR/USD's attempt at a rally yesterday was knocked back.
However, the price succeeded in holding above the lows of last week around $1.2260, so if this continues to hold the case for the upside increases. A close above $1.2360 would be an encouraging sign, and would open the way to $1.25 and higher. A drop back below $1.2260 would suggest more losses are likely, with $1.2165 and $1.2092 as potential support.