The Euro rose to two-week high (1.0956) on Tuesday, extending Monday’s 1% rally which generated bullish signal on eventual break from larger congestion.

Bulls cracked barriers at 1.0921/21 (Fibo 38.2% of 1.1017/1.0766 / 55DMA) and focus strong resistance at 1.0962 (base of falling and thickening daily cloud, reinforced by 100DMA).

Monday’s long bullish candle underpins the action as daily techs turn to positive setup.

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Penetration of daily cloud would generate further bullish signal, however, fresh bulls need clear key barriers at 1.1015/17 (200DMA / 1 May high, top of larger range) to spark stronger advance.

Res: 1.0962, 1.0970, 1.1000, 1.1015
Sup: 1.0936, 1.0902, 1.0865, 1.0851


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