The EUR/USD continues to recover on reduced risk aversion. The 14-day MA, which had served as key resistance, has now reverted to support as seen on Tuesday. The EUR/USD has broken weekly RSI trendline resistance, suggesting a possible rebound to 1.2579. This key pivot also alligns with 85.19 (US Dollar Index) and the projected 10-week MA. Meanwhile, only a loss of 14-day MA support will delay strength.
