Euro buyers are encouraged by news of easing of restrictions in Italy and France. The pair has risen back to the major support area around 0.8720-0.8730.
After the failure of the first test, strong bids have supported the price to form a triple top. Would the third time be the charm?
A neutral RSI gives buyers enough space to play around. A breakout above 0.8730 would confirm the bullish MA cross on the daily chart and trigger a rally towards 0.88s.
On the downside, a drop below 0.8670 may drive the correction down to 0.8630.
