On Tuesday, the euro made a rapid recovery and rose towards 1.11645. Despite this rebound, the short-term technical structure still remains mixed.
Only the breakout of the resistance located in area 1.11840 could provide a new directional bullish signal.
Despite this, the technical status of the Euro against the US currency is strengthening in the short term, with an area of resistance seen at 1.11840.
The risk-return analysis shows a volatility level of the currency which stands at 0.2863%, while the weekly result reported is