May
30

EUR/USD D1 Technical May 30

EUR/USD is in bullish mood today but as long resistance 1.3006 is not broken pair can get a pull back from this zone. So, price action on 1.3006 level should be carefully watch. If pair manage to break its resistance and H4 candle chart closure above this level then EUR/USD will further move upward.

On the other hand. If pair didn’t manage to break through its resistance and get a pull back then it will provide a valid sell entry point with stop loss just located above 1.3006 level and take profit at 1.2880 level.

High impact News can affect the trend of EUR/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

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