• Major conflict on the weekly chart means the outlook is far from certain

• It left a large shadow on last week's candle hints at an upside rejection

• However last week's close above major 1.0957 Fibo, was a bullish development

• 1.0957 Fibo is a 76.4% retrace of the 1.1214 to 1.0125 (Sep to Feb) EBS drop

• Stand aside. EUR/USD Trader . Previous update

Weekly Chart:


Daily Chart:

(Martin Miller is a Reuters market analyst. The views expressed are his own)