An important swing low has formed on EUR/USD

EUR/USD formed a bullish pinbar last week, and Friday's bullish range expansion formed part of a 3-day bullish reversal (morning star pattern). It appears an important swing low formed on Thursday, and any pullback towards Thursday's high will catch our bullish interest.

Prices are flirting with a break below 1.10 ahead of the European open, and perhaps we'll see a bearish spike or two before bullish momentum returns, although prices are holding above the weekly pivot point.

AN initial target is 1.1020, then on to Friday's high.