EUR/USD D1 Technical June 04

The outlook for the EUR/USD is bullish. Above 1.3040 level pair will remain in bullish strength.  Bollinger bands are also providing buy signals for the pair.

If pair manage to hold 1.3070 level and H4 candle closure above this level the it will indicate EUR/USD got bullish strength which will take pair further upward and pair will then target 1.3126-70 level respectively.

On the contrary. If pair fails to hold 1.3040 level and H4 candle closure below this level then EUR/USD will start falling and target 1.2950 level.

High impact News can change the scenario. News like Trade Balance.

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