Euro is trading higher for a second consecutive week with EUR/USD building on a rebound off downtrend support. The focus is on this recovery towards trend resistance and the recent rally may be vulnerable into major event risk over the next few days. These are the updated targets and invalidation levels that matter on the Euro short-term technical heading into the May open. Technical Outlook: In last month’s EUR/USD Short-term Technical Outlook we noted that Euro had reversed off technical resistance and that, “From a trading standpoint, look to reduce portions of short-exposure on a stretch towards 1.0795– rallies ... (full story)