Is the Euro finally ready to rebound?
After months of bearish pressure dragged EUR/USD to new 5-year lows earlier in May, the pair maybe be looking to make a sustained leg higher as the ECB seemingly succumbs to inflation pressures, and business outlook in of Germany is better-than-expected.
This helped the pair rally over 1.2% on Monday, adding to last week’s gains, and could now be targeting a breakout above 1.0700
Check out this in-depth technical analysis into EUR/USD: