The Euro is testing major resistance capping gains since October 2016 after establishing a foothold above the 0.91 figure against the British Pound. The single currency swooned as minutes from July’s ECB meeting disappointed imminent tapering speculation (as expected) but follow-through was conspicuously limited.From here, a daily close above the 61.8% Fibonacci expansionat 0.9136 clears the way for a challenge of the 76.4% level at 0.9229. Alternatively, a reversal back below 0.9061 (50% Fib, rising trend line) opens the door for a retest of the 38.2% expansion at 0.8986. The long EUR/GBP trade from 0.9067 hit its ... (full story)