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Bullish Focus

EURUSD TECHS
  • RES 4: 1.2414 High Apr 17, 2018
  • RES 3: 1.2349/53 High Jan 6 / High Apr 20, 2018
  • RES 2: 1.2285 High Jan 8
  • RES 1: 1.2266 High May 25 and the bull trigger
  • PRICE: 1.2217 @ 06:08 BST Jun 2
  • SUP 1: 1.2133/26 Low May 28 / Low May 17
  • SUP 2: 1.2052 Low May 13 and key short-term support
  • SUP 3: 1.2090 50-day EMA
  • SUP 4: 1.1986 Low May 5

EURUSD remains above last week's low of 1.2133 on May 25 low. The outlook is bullish and the recent pullback is considered a correction. The focus is on 1.2285, Jan 8 high. Further out, scope is seen for a climb towards the 2021 high of 1.2349, Jan 6 high. Key short-term support is unchanged at 1.2052, May 13 low. A break of 1.2133 though would concern bulls. The bull trigger is 1.2266, May 25 high.

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