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Jun 02 - 07:55 AM

EUR/USD - Chart Warning Proves Accurate; EUR Slides

By Peter Stoneham  —  Jun 02 - 07:03 AM
  • Tues long upper candle shadow warned of further losses

  • Wed slide takes out our 1.2180 long stop, we now await the next signal

  • Initial prop 1.2163, 21DMA line

  • Pivotal support remains 1.2133, May 28 hammer candle low and Fibo retrace

  • Underlying bull trend intact but damaged badly

  • Bullish resumption likely on a break back above 10DMA line at 1.2207










EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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