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Jun 02 - 09:55 PM

EUR/USD - Key Support Holds Again, But Uptrend Needs Progress

By Andrew M Spencer  —  Jun 02 - 07:56 PM

  • Steady - closed flat - failed again at 21 daily moving average now 1.2174

  • EU official sees Iran nuclear deal at next round of talks nL2N2NK0M1

  • Agreement positive economically, but a viable deal is no certainty

  • 5, 10 & 21 DMAs rise, 21 day Bollinger's contract - bulls need progress soon

  • Setup remains positive while 1.2174 21 DMA holds - held Friday and Wednesday

  • 1.2174 break targets 1.2053/70 38.2% March/May rise and lower 21 day Bolli

  • Europe's 1.2163 low and NY 1.2218 high are initial support resistance

  • 1.2200 445M and 1.2215-20 506M are the close strikes

For more click on FXBUZ


eur jun 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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