EUR/USD pushes through near-term resistance
EUR/USD has managed to rally through the near-term resistance level at $1.1645. This points towards the potential for further short-term upside, coming off the back of a failed attempt to break the May low of $1.1510.
A wider bullish view would come into play with a rally through $1.1852, but until then we remain within a wider downtrend. As such, while we could see short-term upside, there is a good chance we are looking at a short-term retracement of the $1.1852-$1.1510 sell-off.