The Euro was murdered last week, falling over 200 pips and breaking below wedge support dating back to December 2015. Pair has found interim support in our initial target zone and is currently correcting higher. Initial resistance is a zone stretching from 1.1050 - 1.1070 and we expect the rally to remain capped below there.
Bears will be looking to retest the 1.0975 - 1.0910 support zone over the coming sessions, with a break below 1.0910 targeting the 1.0775 - 1.07 support zone. Pair remains bearish absent a daily close above former support at 1.1155.
Bears will be looking to retest the 1.0975 - 1.0910 support zone over the coming sessions, with a break below 1.0910 targeting the 1.0775 - 1.07 support zone. Pair remains bearish absent a daily close above former support at 1.1155.
