EUR/USD Technical Analysis: Pushing against 1.4385 highs
Euro Dollar retreat from 1.4340 on Friday found support yesterday at 1.4190m, and the pair bounced up strongly as Greece fears eased, regaining lost ground, to consolidate on Tuesday between 1.4300 and 1.4385 high, which is being tested right ahead of Wall Street opening. Above 1.4375/80 (day highs), the pair might find resistance at 1.4430 (50-day SMA) and 1.4500 (Jun 14 highs) and 1.4550 (Jun 10 high). On the downside, immediate support lies at 1.4300/15 (day lows), and below here, 1.4190 (Jun 20 lows), and 1.4125 (Jun 17 lows). Likewise, the EUR/GBP retreat from Friday's high at 0.8855 bottomed at 0.8790 on Monday before bouncing up and extend on Tuesday to fresh 7-day highs at 0.8875.
Euro Dollar retreat from 1.4340 on Friday found support yesterday at 1.4190m, and the pair bounced up strongly as Greece fears eased, regaining lost ground, to consolidate on Tuesday between 1.4300 and 1.4385 high, which is being tested right ahead of Wall Street opening. Above 1.4375/80 (day highs), the pair might find resistance at 1.4430 (50-day SMA) and 1.4500 (Jun 14 highs) and 1.4550 (Jun 10 high). On the downside, immediate support lies at 1.4300/15 (day lows), and below here, 1.4190 (Jun 20 lows), and 1.4125 (Jun 17 lows). Likewise, the EUR/GBP retreat from Friday's high at 0.8855 bottomed at 0.8790 on Monday before bouncing up and extend on Tuesday to fresh 7-day highs at 0.8875. 