EUR/USD Technical June 17

Price is at top of Bollinger so there is no clear signals yet. Today’s resistance is around 1.3407 level. There can be two scenario.

First, if EUR/USD manage to break its resistance 1.3407 level and H4 candle closure above this level then it will allow EUR/USD to continue its bullish trend. Secondly, if EUR/USD fails to hold its support level 1.3314 level and H4 candle closure below support level then pair will rapidly fall towards southward.


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