12 Jun 2019
EUR/USD technical analysis: Bulls line-up for a run higher above 2018-2019 downtrend
- EUR/USD holds above the 2018-2019 downtrend ahead of US CPI.
- The falling wedge pattern targets towards 1.2000.
- The 200 DMA and 200WMA are key in the bull's plight for higher grounds.
- Stop territory around 1.1450 could accelerate price towards 1.1520 prior structural support levels.
- The 1.1570 2019 high is a key target.
- On the flipside, the 20 WMA at 1.1270 and prior wedge resistance guards the 20 DMA that guards a run to the 1.1100 support.
