EUR/USD surged higher on Wednesday as the European Union (EU) discussed increased defence and energy sector spending ahead of the European Central Bank (ECB) interest rate decision on Thursday. The pair recently traded at 1.1067, representing a 1.6% gain on the day - its biggest daily percentage gain since 3 February 2016.
Long-term, 1.085 to 1.036 has certainly acted as a past buy zone. Furthermore, the latest look down and subsequent rise in EUR/USD solidifies a symmetrical triangle pattern post the 2015 price collapse, which leaves scope for further rises before any fall.
