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FxWirePro: EUR/USD Daily Outlook

Tuesday, June 6, 2017 12:04 PM UTC

EUR/USD is consolidating below major resistance at 1.1300 level and made a low of 1.12340 yesterday. It is currently trading around 1.1253.
The pair is trading slightly below hourly Tenkan-Sen and Kijun-Sen. It should break below 1.1200 (Jun 1st 2017 low) for minor weakness.
Any break below 1.1200 will drag the pair down till 1.1170 (61.8% retracement of 1.11092 and 1.12851)1.1100.
On the higher side, major resistance is around 1.1300 and further bullish continuation only above 1.13660/1.1430.

It is good to buy on dips around 1.1205 with SL around 1.1160 for the TP of 1.12990

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FxWirePro: EUR/USD Daily Outlook

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