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EUR/USD stuck at the weekly pivot
Having endured a sell-off from above $1.14, EUR/USD has now stalled around the weekly pivot at $1.1350. Gains above $1.1366 have proved fleeting, while dips below $1.1350 have likewise been short-lived.
Thus, we have a clear area to watch for a break either way. A move above $1.1366 means a turn back to the highs from last week, and potentially onwards to $1.15, while below $1.1350, the pair could test $1.13 and lower if this level breaks.
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