The euro found bid on Trump’s health progress, but ECB easing due to weak Eurozone inflation figures due later today may limit gains and trigger renewed selling. My focus is on the important technical resistance level at 1.1755 a break of that level may attract new buying interest, otherwise the next support level in case of a selloff is the 50-period moving average (blue line) around 1.17 with a crack of that level to accelerate the slide lower to ultimately reach my T/P and target at 1.1615.
EURUSD 4-hour chart
Who’s Still Short EUR/USD?
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