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Jun 01 - 09:55 PM

EUR/USD - Topside Bias Survives, But Progress Needed Soon

By Andrew M Spencer  —  Jun 01 - 08:05 PM

  • Steady after slipping 0.1% - 1.2200 368M and 1.2220/50 919M close strikes

  • EU to step up digital push - plans digital identity wallet nL2N2NJ30H

  • Wallet has potential to create jobs and have a positive environmental impact

  • EU reaches deal on tax transparency for multinational firms nL5N2NJ5W8

  • Part of a global push to tax multinational companies in transparent way

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

  • Setup remains positive while 1.2165 21 DMA holds - tested again Friday

  • Monday's 1.2183 low and Tuesday's 1.2254 high are initial support resistance

For more click on FXBUZ


eur jun 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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