EUR/USD – Another leg of potential corrective rebound The pair has drifted down from its recent 1.1800 swing high printed on 18 Oct and almost met the first short-term downside target/support of 1.1050 as per highlighted in our previous report (click here for a recap). It printed a low of 1.1070 on Mon, 28 Oct before it traded sideways. Thereafter, it has rebounded by 90 pips post FOMC to print a current intraday high of 1.1168 in today’s Asian session. Elements have turned positive where the pair is now breaking above the major descending channel resistance from 10 Jan 2019 high and evolved within a minor ascending ... (full story)