EUR/USD- sell-off may have run out of steam
EUR's recovery from yesterday's low of 1.0837 to 1.0880 today suggests the sell-off from the high of 1.1023 may have run out of steam for now and the pair could revisit 1.0906 (Mar 27 high) today. The gains could be extended further if the US retail sales contract.
On the lower side, only a close below the 200-DMA would revive the bearish view.
On the lower side, only a close below the 200-DMA would revive the bearish view.
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