I wrote in last update that “one possibility to keep in mind is a tight range before a thrust lower and reversal on Thursday. Exceeding 1.3668 would suggest that a low of sorts is already in place.” EUR/USD traded a few ticks shy of 1.3500 (2014 low is 1.3476) before settling near the mentioned 1.3868.
The implications are near term bullish towards 1.3750 but don’t forget the longer term implications from the ending diagonal that broke in May.
LEVELS: 1.3538 1.35931.3635 | 1.3686 1.3722 1.3757