The cross is stuck between the rising trend line resistance and Fibo support
Euro’s repeated failure to break below 0.7704 (23.6% Fibo) despite bearish break from rising trend line has finally shifted risk in favor of a retest of the trendline resistance at 0.7785-0.7790
However, for me this is a no trading zone. If i have to trade this ahead of the ECB, I would want to see a clear (today’s) daily closing above 0.7790 or below 0.7704.
still, going purely by the chart as of now the odds of a bullish break appear high