EUR/USD dropped to the fresh low since early April before portraying a short-covering move that extends to Wednesday’s Asian session. By the press time, the major currency pair seesaws around 1.1780, staying inside a monthly falling wedge bullish chart pattern. Considering the quote’s latest bounce off multi-day low, backed by a short-term support line and recovering Momentum, EUR/USD prices may witness further short-covering moves. In doing so, the stated wedge’s upper line and 100-SMA, respectively around 1.1825 and 1.1840, become the key. Following that, the corrective pullback may aim for late June’s top ... (full story)