EURUSD had been in a steady advance following its 2024 bottom of 1.0600 on April 16. However, the pair reversed lower after its rejection at a fresh two-month high of 1.0894 in mid-May, with the price finding strong support just above its long-term downward sloping trendline. Should the latest uptick gain momentum, the price might revisit the recent two-month peak of 1.0894. Conquering that hurdle, the bulls may attack a series of lower highs that have formed the pair’s descending trendline such as 1.0941, 1.0963 and 1.0980 all registered in March. Alternatively, if the short-term weakness persists, the recent ... (full story)