EURUSD – Daily Technical Analysis – 03 Jun 2013

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The EURUSD maintained a bullish momentum last week after topping at 1.3061. A daily close above 1.3061 is likely to advance the pair higher towards the 1.3135 levels ahead of the 1.3240 levels. Above 1.3240 will target the 1.3320 levels.

On the downside. Support is at 1.2943, a daily close below this level will weaken the current bullish run and open the way towards the main support 1.2820, a daily close below 1.2820 is likely to expose 1.2745 and target 1.2661.

Conclusion: With 1.2820/1.2943 intact, the pair likely moves higher towards 1.3130 ahead of 1.3240, then 1.3320, losing 1.2943 will delay the bullish move but losing 1.2820 will completely terminate the current bullish run.

EURUSDDailyTechnicalAnalysis03Jun2013

 

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