Wed, Jun 23, 2021 @ 12:51 GMT
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EUR/USD Outlook: Bears Pause Above Psychological 1.20 Support

The Euro bounces on Thursday, as bears faced headwinds from psychological 1.20 support and taking a breather above pivotal 1.2000/1.1973 support zone (psychological/top of thick daily cloud).

Upticks should be ideally capped by 100DMA/Fibo 38.2% of 1.2149/1.1985 pullback (1.2048) to keep bears from 1.2149 (Apr 29 high) intact.

Caution on firm break of 1.2048 that would ease downside pressure and allow for stronger recovery.

Res: 1.2065, 1.2075, 1.2093, 1.2126
Sup: 1.2000, 1.1985, 1.1973, 1.1943

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