EUR/USD: (1.5727) Above 1.5593 (neckline Double Bottom: see graph)


Rebound off 1.5285 broke above 1.5593 (neckline of Double Bottom: see graph: 1st target at 1.5826 has been approached), with daily Medium Term Moving Average↑ at 1.5538 today: 1st Support area at 1.5690/ .5682 (current reaction low off 1.5814/ daily envelope bottom), with next levels at 1.5662/ .5653 (break-up hourly/ daily Short Term Moving Average↑), ahead of 1.5632/ .5631 (previous reaction high/ reaction low hourly), where pause favored. Failure to hold would see risk towards 1.5538/ .5537
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