Yesterday, the euro reached and tested the target support level at 1.1605 before reversing upward, likely with the intention of closing Monday's price gap.
The sideways movement of the past week resulted in a downside gap today. However, this was largely influenced by a more significant 200-point gap in the USD/JPY
On Thursday, for the fourth time since Monday, the pair attempted to rise but were pushed back down. This time, the pressure was stronger, with the lower