EUR/USD pulling back after recent bullish break
EUR/USD has been moving lower since Friday morning, coming off the back of a trendline breakout. The fact that we saw a move that barely even reached the 50% level points towards the possibility of further upside.
With that in mind, the current pullback looks like a short-term retracement before we turn higher once again. A break below $1.1302 would negate that bullish short-term view.