On the upside, a break above the resistance confluence at 1.0920, which includes the 50-SMA and an immediate descending trend line, could set the stag
On the upside, a break above the resistance confluence at 1.0920, which includes the 50-SMA and an immediate descending trend line, could set the stage for a challenge to the monthly high near 1.1015.
Overall, unless the 1.0815 support levels are breached, EUR/USD buyers are expected to maintain control, although some short-term downside may be anticipated.
Overall, unless the 1.0815 support levels are breached, EUR/USD buyers are expected to maintain control, although some short-term downside may be anticipated.
Additionally, intraday traders will be monitoring the final readings of Germany and Eurozone HCOB PMIs for June, as well as the US ISM Manufacturing PMI for the same month.
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