EUR/USD had a wicked reversal due to Merkel's blinking at the summit. The Friday session saw some of the largest gains in months. The real question is where do we go from here in Europe? This should be a nice short-term rally - before reality sets in.
The GBP/USD did exactly the same thing, but now sits just below a massive resistance area. The BoE should be easing this week, and this could also weigh on the pair as well.
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