EUR/USD did rally back close to the 1.0920 minor top, after the single currency moved up from 1.0813 low after the Thursday's economic numbers, and the +test of the low+ indeed may be over. Allow for a small downtick to 1.0850, but support should eventually appear. This means that the cycle-degree recovery is now in effect, and the currency confirms this hypothesis at a break of the recent 1.0920 minor high. Once past, expect a test of 1.1000 to take place. Then the rally should go forward towards 1.1300 once 1.1000 is taken out.
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