EURUSD has halted its 2 days of winning streak. The pair has jumped nearly 100 pips from low of 1.11293 and is currently trading around 1.11960.
European Elections 2019:
- Two major parties centre-right European People’s Party (EPP) and the centre-left Socialists and Democrats (S&D) have lost majority in European Parliament.
- In UK Nigel Farage’s Brexit party won more seats throughout UK compared to Labour and Conservatives.
Markets remain quiet as US markets remain closed on account of memorial day. The near term major resistance is around 1.12240 and any violation above targets 1.12650. Any break above 1.1265 confirms bullish continuation.
The near term support is around 1.11750 and any violation below will drag the pair to net level till 1.1130/1.1100.
It is good to buy on dips around 1.11500 with SL around 1.1110 for the TP of 1.12650.
