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Jun 06 - 06:55 AM

EUR/USD - Where EUR/USD Rise Should Stop And What To Expect If It Doesn't

By Jeremy Boulton  —  Jun 06 - 04:35 AM
  • EUR/USD has risen from 1.0601 to 1.0916 EBS in June

  • Dec high 1.1139, Jan high 1.1046 and Mar high 1.0980

  • The 55-MMA which capped Dec's rise is now 1.1133

  • The 100-MMA which helped to cap 2023 rise at 1.1276 is now 1.1231

  • Monthly Ichimoku cloud 1.1145-1.1239

  • Pair should stall between Jan-Mar highs - hedging for top should be popular

  • Should be growing interest to sell 1.10 and above for carry trade entries

  • Close over 1.1271 - 61.8% 2021-2022 slump would target 1.1745

  • Any EUR/USD move would surprise and that's important nL1N3I40DU

Source:
Refinitiv IFR Research/Market Commentary

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