EUR/USD Euro gains on dollar

EUR/USD extends gains ahead of European trading

EUR/USD D1 29-05

Despite the softer undertone in the market, the dollar is struggling a little on the session – not as noticeable against risk currencies – as the breakout in EUR/USD extends further.
The pair has now touched the 1.1100 level for the first time since 30 March, in a move to fresh two-month highs following the more bullish breakout above the 200-day moving average (blue line) in trading yesterday.
From a technical perspective, there is little in the way of a move towards the late March highs @ 1.1147-63 from hereon. But for trading today, all eyes will be on US president Trump’s announcement on China that will follow later in US trading.

Published by FootballTips

Blogger on football (Soccer) predictions and tips.

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