EUR/USD moves higher despite DAX uptrend
The euro/U.S. dollar index (EUR/USD) currency pair is moving higher, and it touched 61.8% Fibonacci retracement level, which is probably the most important reversal zone when looking for end of a corrective waves. Well, notice that rally from recent low is clearly slow and overlapping so we think it's a contra-trend move that can send price down later this week. We however would love to see 1.1303 break to confirm new leg down.