EUR/USD closes gap after German election sell-off
EUR/USD has regained ground after an initial gap lower in the wake of the news that we could be heading back to the polls in Germany.
With the price gradually trending lower in the wake of the rally up through $1.1836, there is a good chance we could be set for further short-term losses. A break up through the $1.1822 level would negate this short-term bearish view. Until then, watch out for a possible weakening, as long as the price remains below $1.1822.