Euro's recovery from ysday's low of 1.0569 followed by a move above the rising trend line hurdle today suggests the currency could extend gains to 1.0650, although the gains could be short lived as 5-DMA and 10-DMA are still sloping downwards and the daily RSI is bearish.
On the downside, only a break below 1.0569 would signal continuation of the retreat from 1.0906.
On the downside, only a break below 1.0569 would signal continuation of the retreat from 1.0906.
