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Jun 06 - 09:55 PM

EUR/USD - Sustains Friday's Gains, As A New Range Leads

By Andrew M Spencer  —  Jun 06 - 08:15 PM

  • Steady after closing +0.35%, as risk on safe haven USD fell on U.S. payrolls

  • Conservative German state election win boosts Laschet's hopes nL3N2NO05R

  • Markets more comfortable with the conservatives than a green coalition

  • UK-EU talks on N.Ireland this week key for ongoing relationship nL2N2NO092

  • Charts; 5, 10 & 21 DMAs coil suggesting further choppy consolidation

  • 1.2053, 38.2% of the March-May rise and 1.2268 May high are pivotal levels

  • Friday's 1.2104 low then 1.2082 lower 21 day Bolli band initial supports

  • 678M NY 1.2175/80 strikes then 1.2186 NY high are first resistance

For more click on FXBUZ


eur jun 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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