EUR/USD wedge rebounds from key support
EUR/USD is holding up at the key $1.1715 support level this week, with the ability to break below that level likely to prove crucial to the fate of the pair. Interestingly, the $1.1715 level represents the peak of the two-year range that the price broke out of in late July.
With that in mind, watch out for how the pair responds to this crucial support level, alongside trendline support. We would need to see an hourly close above $1.1824 to point towards another leg higher for EUR/USD.