EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3732; (P) 1.3813 (R1) 1.3872; More.
Current development indicates that EUR/USD’s recovery from 1.3498 is finished at 1.3936. Intraday bias remains cautiously on the downside for a test on 1.3498 support first. Break will confirm resumption of the whole fall from 1.4548 and should target 161.8% projection at 1.2979, which is close to 1.3 psychological level. On the upside, break of 1.3972 is needed to signal completion of the fall from 1.4548 or we’ll stay bearish even in case of another
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