Tuesday's inverted hammer candle initially followed by a EUR/USD drop

EUR/USD fell below the daily cloud base then traded 1.0567 on EBS

Buyers emerged however as risk-on sentiment took hold

EUR/USD rallied above Tuesday's high, negated the inverted hammer signal

Pair also rallied above the 10-DMA & struck a 6-session high

Rising daily, monthly RSIs imply upside momentum is in place

1.0700/25 resistance (21 & 55-DMAs, 38.2% Fib 1.1034-1.0533) looms above

Break of that zone targets the daily cloud top, 50% Fib 1.1035-1.0533

Should resistance near 1.0800 break longs likely to target near 1.1000

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