EUR/USD defies the doubters
Hopes of further losses for EUR/USD, and a return to the lows of the month have been dashed, at least for the time being. Being tested early in the morning is $1.169, with a close above here on the four-hour chart opening the way to $1.1840 and higher.
However, the downtrend line off the September high would likely step in first at $1.1750. A firm reversal back below $1.1662 is needed, to put a bearish spin on the outlook once more.