Forex - Chart EUR/USD Update: Settling into consolidation


 06:56 (GMT) 07 Jun

  [Forex Charts]

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Chart EUR/USD Update: Settling into consolidation (0101-LWNR-C01)

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Asterisk denotes strength of level

07:50 BST - No significant change, with choppy trade settling into consolidation beneath the 1.1300/06 area. Intraday charts are edging lower, highlighting a short-term pullback, but mixed daily studies should limit risk in consolidation. Near-term support is at 1.1250, but a close below 1.1212/15 is needed to turn sentiment cautiously negative. Meanwhile, a close above the 1.1324/25 highs from April is needed to turn prices outright positive and open up the 1.1338 Fibonacci retracement.


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