Back

EUR/USD Technical Analysis: bulls scrambling to recover from trendline break

  • The EUR/USD is rolling over into a broken trendline and poised for further losses, though mixed hourly indicators could see a continuation of the bullish technical recovery. 
  • Tuesday is Euro-light on the macro calendar, although German ZEW Sentiment Surveys for June are expected to tick lower.
  • Upcoming US CPI figures will be the next headline to watch after the Trump-Kim summit wraps up.

EUR/USD Chart, 1-Hour

Spot rate: 1.1766
Relative change: -0.13%
High: 1.1784
Low: 1.1741

Trend: Turning bearish

Support 1: 1.1741 (current day's/week's low)
Support 2: 1.1652 (previous week low)
Support 3: 1.1509 (major technical bottom; psychological handle; one month low)

Resistance 1: 1.1820 (current week high)
Resistance 2: 1.1840 (previous week high; technical rejection)
Resistance 3: 1.1993 (five-week high)

Japan Tertiary Industry Index (MoM) registered at 1% above expectations (0.6%) in May

Japan Tertiary Industry Index (MoM) registered at 1% above expectations (0.6%) in May
Devamını oku Previous

US-N. Korea Summit update: ‘We will sign something, does not specify exactly what just yet’ – Trump

As the working lunch concluded, the US President Trump and North Korea’s leader Kim Jong-Un walked together on Capella Hotel grounds. Trump was repor
Devamını oku Next