The cross hit new one-month high, as bulls probe above psychological 0.90 barrier (reinforced by double-Fibo barrier at 0.8991 & 1.9009).
Fresh advance was fueled EURUSD’s jump, sparked by renewed hopes for positive outcome of US/China trade talks.
Bullish daily techs add to positive outlook, as the pair holds in green for the fifth straight day and twist of daily cloud (0.9107) also expected to attract.
However, bulls need confirmation on close above 0.90 barrier for confirmation and extension towards targets at 0.9022 (55DMA) and 0.9055 (50% retracement of 0.9324/0.8786 descend).
Broken 100DMA marks solid support, which should hold and keep bears intact, otherwise correction could be anticipated, as daily stochastic is overbought.

Res: 0.9009; 0.9022; 0.9055; 0.9082
Sup: 0.8991; 0.8978; 0.8937; 0.8918


The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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