What is surprising by today’s move is the timing as it appeared traders were content to sit on their hands waiting for tomorrow’s US data.
Whatever the case, the move above 1.0814 is significant if it holds but a break of the trendline, 1.0834 today, is needed to confirm the tide has turned in favor of the EURUSD.
Whatever the csse, EURUSD 1.08 now becomes pivotal as above it market will likely be in a buy on dips.