EUR/USD strength persists
The Italian election result pushed EUR/USD down towards $1.2165, but the price has rebounded since then. It has moved above $1.2323 and will now target $1.25.
However, this may take some time, as momentum on the four-hour chart is now overextended and near-term upside may be limited. But, any pullback that holds above $1.2165 would represent a buying opportunity, as the wider bullish EUR/USD trend persists.