EUR/USD Analysis 2015.06.19

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EUR/USD Analysis 2015.06.19

A rebound from new support established at 1.1204/03, and as we had expected on Thursday a push above 1.1380/86 to aim higher Friday.

Furthermore, whilst above 1.0819 we see a bullish bias through mid-June (from the prior push up through 1.1208).

For Today:

We see an upside bias for 1.1426; break here aims for 1.1467, maybe even for 1.1500.

But below 1.1327 opens risk down to 1.1250 and maybe back to 1.1204/03.

Short/ Intermediate-term Outlook – Upside Risks:

We see a positive tone with the bullish threat to 1.1467.

Above here targets 1.1534 and 1.1680.

Overshoot risk is higher for 1.1871.


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