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Jun 03 - 02:55 AM

EUR/USD - Chart Points To Bigger Gains To The 2021 Peak

By Martin Miller  —  Jun 03 - 01:59 AM
  • EUR/USD chart points to further gains in coming sessions extending bull run

  • Bullish cycle began at the start of April and persisted throughout May

  • The scope is for bigger gains above the May 1.2266 (EBS) high

  • Break above 1.2266 high would unmask the 2021 1.2349 peak posted back in Jan

  • Large tail on Wednesday's candle, highlights a possible downside rejection

  • EUR/USD Trader TGM2334

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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