eur-bank-notes-magnifying-glass - EUR
  • EUR/USD rebounds off low to 1.1700
  • The bounce could extend towards 1.1780

EUR/USD rallies to a 3-day high beyond 1.1700 on a weaker USD. A break through 1.17 could open the door to a 55-day SMA near 1.1780, before 1.1880, October’s peak.

Whilst EUR/USD trades above its 200 sma at 1.1320, the outlook remains bullish.