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EUR/USD rallies as Brexit fears abate
A big gap opened for EUR/USD this morning following renewed hope a Brexit will be averted on Friday. The deterioration that we saw emerge last week has been negated and a more bullish outlook is now in play, owing to the break through the $1.1301 resistance.
Any subsequent retracement would be looking at $1.1321 as the key near-term support level to watch. However, it seems likely people will be buying on dips as this recovery extends, with initial resistance levels at $1.1382 and $1.1415.
Notable support levels are found at $1.1337 and $1.1323.