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After being badly bullied by king Dollar and most G10 currencies last week, the Euro has stormed into the new trading week with a renewed appetite for revenge.Over the past 18 hours, the Euro has jumped almost 1% against the Dollar, sending prices back above the 1.1250 psychological level. The sheer momentum of this astonishing rebound suggests that the EURUSD may target 1.1290 in the short term with a softer Dollar guiding prices closer towards 1.1300 before fundamentals steal the show.It must be kept in mind that the core factors weighing on the European single currency remain... Read More
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