The Euro bounces on Thursday, as bears faced headwinds from psychological 1.20 support and taking a breather above pivotal 1.2000/1.1973 support zone (psychological/top of thick daily cloud).

Upticks should be ideally capped by 100DMA/Fibo 38.2% of 1.2149/1.1985 pullback (1.2048) to keep bears from 1.2149 (Apr 29 high) intact.

Caution on firm break of 1.2048 that would ease downside pressure and allow for stronger recovery.

Res: 1.2065; 1.2075; 1.2093; 1.2126
Sup: 1.2000; 1.1985; 1.1973; 1.1943


Interested in EUR/USD technicals? Check out the key levels

    1. R3 1.2066
    2. R2 1.2046
    3. R1 1.2025
  1. PP 1.2006
    1. S1 1.1985
    2. S2 1.1965
    3. S3 1.1944

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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