Pressure is off of the Euro at the moment as the a drop in US Treasury yields and a modest rebound in US equities is helping firm up risk appetite. Two of the major EUR-crosses, EUR/JPY and EUR/USD rates, are carving out bullish outside engulfing bars on the daily chart, suggesting that a near-term bottom is being established.
Meanwhile, with both the British Pound and the Euro trading in tandem in recent days, EUR/GBP rates have been steadily trading sideways.
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