FXStreet – FX-strategist of Scotiabank take in the short term, the area around 1,0775/1,0825 to the visor.
For the currency pair is at first sideways, after it managed to stabilize above the key support at 1,0850.
This does not disprove the fact, however, that the reversal of the trend since Monday is no longer intact. In addition, should the Euro on the weekly chart a lot of bids due soon engulfing forming, which is why the chances of a top reversal.
The open price gap between 1,0775/1,0825 remains the first destination on the bottom.
** FXStreet News Editorial, FXStreet**