Euro Technical Forecast: EUR/USD Make or Break into Euro Elections
From forex.com
Euro snapped a three-week losing streak against the US Dollar on Friday with EUR/USD poised to close June down nearly 1.3%. Price has been testing critical support for weeks now and heading into the July / Q3 open and the Eurozone elections next week, the focus is on a reaction off this key pivot zone. These are the updated targets and invalidation levels that matter on the EUR/USD weekly technical chart. Technical Outlook: In last month’s Euro Technical Forecast we noted that EUR/USD was at risk, “for topside exhaustion while below 1.0942 heading into the June open- losses would need to be limited to 1.0641 for the ...
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