The EUR/USD was observed to have created a long-tailed candle for the second consecutive day on Friday, indicating bear failure below the psychological support of 1.18 and hinting at a higher scope for reversal.
However, a bull appearing on the scene can only be further confirmed by a move above Friday’s high of 1.1865. It was observed to be trading in a sidelined manner near 1.1837 early Monday.
Key event that might impact this pairing this week is the ECB Monetary Policy Meeting on Sept 10. #EUR/USD#
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