EUR/USD’s one-day drop beneath key level at 1.3460 has reactivated the currency’s multi-month reversal pattern. This was also weighed down by a recent DeMark™ exhaustion signal. • Only a sustained daily close back above 1.3460 unlocks an extended recovery into our upside target zone at 1.3593 (200-day average). • Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multi-month reversal pattern into 1.2630 (16 Jan swing low). • Inversely, the USD Index has rebounded sharply from key support at 78.66/10 (04 March low/TD Level) coupled with a ... (full story)