EUR/USD – re-test of 1.13 likely
The follow through to the bearish divergence has been weak and the recovery from the low of 1.1166 to 1.1220 suggests the drop from 1.1285 was nothing more than a pull back, thus the spot could attempt to break above 1.13 again.
On the downside, only an end of the day close below the rising trend line would signal the rally has ended.
On the downside, only an end of the day close below the rising trend line would signal the rally has ended.
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