EUR/USD is now 70 pips from the lows and has nearly completed the 80-pip roundtrip from the start of US trading.
I think the unwillingness to push the downside today, even after a break to the lowest of the month, is a telltale sign. I’ve been bullish on EUR/USD for the last month and it’s been a slower trade than I would like but the technical setup remains intact.
EURUSD daily
On the orderboard there are some offers at 1.3570 and stronger sellers at 1.3600. Look for buy stops above 1.3610.