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May 31 - 08:55 PM

EUR/USD - Poised To Test Trend High After Close Above Resistance

By John Noonan  —  May 31 - 07:12 PM
  • EUR/USD rose 0.26% to 1.2225 and is edging higher in early Asia

  • The close above the 10-day MA (1.2208) has shifted pressure to upside

  • EUR/USD poised to test the May 25 trend high at 1.2266

  • The 10-day MA is now support and more comes in at the 21-day MA at 1.2156

  • Sentiment is bullish now that month-end adjustments are out of the way

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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