- The pair is now recovering ground lost after five consecutive sessions with losses and after bottoming out in the 1.1500 neighbourhood on Tuesday.
- A breach below 1.1508 should open the door to a visit of 1.1449 (50% Fibo retracement of the 2017-2018 up move).
- Further south aligns the so far YTD low at 1.1299, recorded on August 15.
- The corrective downside should persists as long as the short-term resistance line, today at 1.1738, underpins.
EUR/USD daily chart
Daily high: 1.1594
Daily low: 1.1535