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The catalyst bedind the latest recovery in eur/usd was the FBI and of course the extreme level of short positions on euro. As you can see eur/usd has reached and stopped at an important level around 1.1120 after a steep jump. From this point the bears have little time to try retaking the lost ground, otherwise the bulls will push eur/usd into the bullish territory once the price gets over 1.1120. There is no turning back.. The catalyst bedind the latest recovery in eur/usd was the FBI and of course the extreme level of short positions on euro. As you can see eur/usd has reached and stopped at an important level around 1.1120 after a steep jump. From this point the bears have little time to try retaking the lost ground, otherwise the bulls will push eur/usd into the bullish territory once the price gets over 1.1120. There is no turning back.. 